Securities / Derivatives

Market Infrastructure

JSCC’s Transition to VaR Margin Models Has Improved Efficiency: JPX

By Manesh Samtani | 24/01/2025

The transition from SPAN to JSCC-VaR has improved risk management and margin efficiency for listed derivatives, but further refinements are needed.

ESG / Sustainability

Indonesia Opens Carbon Exchange to International Participants

By Nithya Subramanian | 24/01/2025

Minister says every certificate issued for international trading has been validated and authorised to prevent double accounting, double payment, and double claims.

Big Picture

Chinese Regulators Should Introduce a Stewardship Code: Report

By Manesh Samtani | 24/01/2025

Fidelity International’s Flora Wang says the implementation of such a stewardship code in China would be a “decisively positive step”.

Crypto / Digital Assets

BoCom Become First Chinese Bank to Issue Digitally Native Bond

By Mark Johnston | 23/01/2025

Bank of Communications issued the $300mn bond via its Hong Kong branch using the HSBC Orion digital asset platform.

Big Picture

Climate-Linked Bonds Can Help Drive Net Zero Transition: ECB Paper

By Thisanka Siripala | 23/01/2025

Climate-linked bonds can encourage governments to proactively address climate change and help investors hedge against long-term climate risks

Market Infrastructure

ESMA Launches Governance Structure to Support Transition to T+1

By Nithya Subramanian | 23/01/2025

The new governance structure establishes committees and specialised groups to address the regulatory and legal implications of the transition.

Market Infrastructure

CSRC Proposes New Algorithmic Trading Rules for Futures Market

By Mark Johnston | 23/01/2025

The CSRC has unveiled draft regulations aimed at tightening control over algorithmic trading in the futures market.

Big Picture

G20 Reforms Have Strengthened Securitisation Markets: FSB Report

By Nithya Subramanian | 23/01/2025

The FSB says the complex structures that contributed to the GFC have “largely diminished”, resulting in a more transparent market.

Securities / Derivatives

China Unveils Plans to Increase ‘Long-term Funds’ in Stock Market

By Manesh Samtani | 23/01/2025

The plan includes measures to encourage insurers, pension funds, and other medium- to long-term capital funds to increase their stock market investments