Securities / Derivatives

Securities / Derivatives

China Launches New LPG Futures, Options Contracts

By Editors | 31/03/2020

The day-apart launches mark the first time futures and options for a single product debut nearly simultaneously on a Chinese commodities exchange.

Capital / Liquidity

ECB Calls on Banks to Suspend Dividends, Buybacks for Six Months

By Editors | 30/03/2020

Rabobank, ING, ABN Amro, UniCredit, Commerzbank, Banco Santander, KBC Bank, Allied Irish Bank and Bank of Ireland have suspended dividend and buyback plans until 1 October.

Securities / Derivatives

Goldman, Morgan Stanley Approved to Control China Securities JVs

By Editors | 29/03/2020

The two US banks have approval to raise their stakes in their securities joint ventures to 51%. On 1 April, foreign ownership caps for securities firms and fund managers will be scrapped entirely.

Securities / Derivatives

Hong Kong to Update List of FSPs Under Clearing Obligation

By Editors | 27/03/2020

Eight additional entities are proposed to be included on the list of Financial Services Providers under the OTC derivatives clearing regime.

Securities / Derivatives

CBIRC Issues New Rules for Insurers’ Asset Management Products

By Editors | 27/03/2020

Insurance asset management products may not invest more than 35% of net assets in shadow banking assets, and may not invest in commercial banks’ credit assets directly.

Securities / Derivatives

SFC Steps Up Scrutiny of Fund Industry Amid Recent Volatility

By Editors | 27/03/2020

The SFC reminds managers, trustees, custodians and intermediaries of funds to look out for clients interests amid “unprecedented volatility across asset classes”.

Securities / Derivatives

SC, Bursa Malaysia Ease Margin Financing Rules for Brokers

By Editors | 26/03/2020

Brokers are no longer required to liquidate client holdings, make margin calls, or impose haircuts on collateral if client equity balances fall below 130%.

Securities / Derivatives

MAS, ACRA, SGX RegCo Set Out Expectations on Meeting Conduct

By Editors | 26/03/2020

MAS, SGX RegCo and ACRA expect all issuers to comply with the Ministry of Health’s mandatory safe distancing measures. Legislative amendments will be introduced.

Enforcement

ICAC Charges Ex-HKEX Official for Bribery, Misconduct

By Editors | 25/03/2020

A former joint-head of HKEX’s IPO Vetting Team has been charged over HK$9.15mn in bribes and misconduct in public office between June 2017 and April 2019.