Securities / Derivatives

Capital / Liquidity

BCBS, IOSCO Target Simple, Transparent Securitisation Structures

By Garima Chitkara | 16/05/2018

Preferential regulatory capital treatment to be applied for banks acting as investors in or as sponsors of short-term securitisations that meet ‘simple, transparent and comparable’ criteria.

Securities / Derivatives

New SEBI Committee to Rework FPI Rules

By Garima Chitkara | 16/05/2018

New committee to rationalise foreign investment rules and remove ambiguities and gaps in the FPI regime while keeping the broad framework intact.

Capital / Liquidity

SFC Fund Manager Code of Conduct – What You Need to Know

By Derek McGibney | 16/05/2018

The ten key points you need to know about the SFC’s consultation conclusions on changes to the Fund Manager Code of Conduct, due to be implemented in six months’ time.

Fintech / Regtech

IOSCO Meets to Discuss Investor Protection, Emerging Risks

By JP Reimann | 15/05/2018

Board to develop support framework to help members address impact of ICOs on investor protection; agree to launch ‘Fintech Network’ to facilitate collaboration on fintech.

Securities / Derivatives

HKMA Reveals Details of Pilot Bond Grant Scheme

By Garima Chitkara | 14/05/2018

Eligible bond issuers can apply for a grant equivalent to half of eligible issuance expenses, including for debt origination and structuring, legal, audit, sales and distribution, up to HKD2.5mn.

Securities / Derivatives

China Launches Tri-party Repos

By Garima Chitkara | 14/05/2018

First tri-party repo transactions concluded among seven institutions on the Shanghai Stock Exchange on 9 May 2018.First tri-party repo transactions concluded among seven institutions on the Shanghai Stock Exchange on 9 May 2018.

Securities / Derivatives

JPMorgan Seeks Majority Stake in China Ventures

By Manesh Samtani | 14/05/2018

The US bank’s Hong Kong unit has applied for 51% stake in a Chinese securities firm; also announced plans for majority stake in its fund management joint venture.

Securities / Derivatives

S.Korea FSS Expands Inspections at Brokerages

By Manesh Samtani | 11/05/2018

The FSS will carry out on-site inspections at 32 brokerages and Koscom, following dividend error which saw Samsung Securities issue $100bn in ‘ghost stocks’ last month.

Securities / Derivatives

CSRC Consults on Rules for Foreign Ownership in Securities Firms

By Manesh Samtani | 09/05/2018

Foreign majority shareholders must be reputable financial institutions with three year track record; Nomura becomes the latest to seek establishment of majority owned joint venture securities firm in China.