MARKET INFRASTRUCTURE

Market Infrastructure

Malaysia Completes First KLIBOR-SOFR Cross-currency Basis Swap

By Editors | 23/09/2020

The USD 100 million trade was the first MYR – USD cross-currency transaction referencing the USD SOFR, which will replace USD LIBOR.

Market Infrastructure

China to Further Relax Foreign Access to Bond Market

By Manesh Samtani | 23/09/2020

The PBOC and SAFE are consulting on new rules that will reduce restrictions on outward remittances for institutional investors, among other rule changes.

Market Infrastructure

SGX, NSE Formalise Agreement to Operationalise ‘Connect’

By Manesh Samtani | 22/09/2020

The Connect will bring trading of SGX Nifty products to GIFT City to create a larger pool of liquidity, comprising both foreign and domestic market participants.

Big Picture

A New Zero Tolerance Era for ESG Reporting

By Editors | 22/09/2020

As nations across the globe come to terms with understanding and tackling climate change, mandatory reporting of such risks across capital markets could well become the norm.

Market Infrastructure

PBOC Issues New Measures on Financial Consumer Protection

By Editors | 22/09/2020

From 1 November, banks and payment institutions that try to restrict consumers from choosing financial products and services offered by other institutions can be penalised.

Securities / Derivatives

BIS Report Proposes Carbon Intensity-based Rating System

By Manesh Samtani | 20/09/2020

A new report proposes a system for labelling issuers for firm-level greenness based on carbon intensity, the ratio of carbon emissions to revenue.

Enforcement

Sri Lanka to Enhance Capital Market Through New SEC Act

By Duruthu E Chandrasekera | 19/09/2020

The new SEC Act will allow for recognition of new categories of market intermediaries and introduce new enforcement mechanisms to deal with market misconduct.

Market Infrastructure

Colombo Stock Exchange Digitalises Core Operations

By Duruthu E Chandrasekera | 18/09/2020

Account opening and post-trade functions such as clearing and settlement are now electronically enabled. E-contract notes and e-statements have also been adopted.

Enforcement

SFC Fines BEA for 13 Year Failure to Segregate Client Securities

By Editors | 17/09/2020

There was no evidence of client loss as a result of BEA’s regulatory breaches, and the bank has undergone remedial actions to enhance its internal systems and controls.