SECURITIES / DERIVATIVES

Market Infrastructure

French, German Banks Get More Time to Solve India CCP Issue

By Mark Johnston | 21/02/2023

French and German regulators will give banks 18 extra months to find new ways to settle India trades, following ESMA decision to de-recognise Indian CCPs.

Capital / Liquidity

China Tightens Rules for ‘Major’ Money Market Funds

By Editors | 21/02/2023

Money market funds with over CNY 200 billion in net assets or over 50 million investors will have to meet additional regulatory requirements and enhance their ability to resist risks.

Market Infrastructure

PBOC Issues Draft Rules for Northbound Swap Connect Trading

By Editors | 20/02/2023

To participate in Swap Connect and trade interest rate derivatives with Mainland investors, foreign investors will need approval to access the interbank bond market.

Securities / Derivatives

CSRC Issues New Rules for Overseas IPOs by Mainland Firms

By Editors | 20/02/2023

The rules allow companies to choose an overseas listing destination for their IPOs, but require them to first register the intention with the CSRC, which will vet the applications.

Big Picture

FSB Warns of Excessive Concentration Risk in in Commodity Markets

By Mark Johnston | 20/02/2023

The concentration of market power among a few firms and their reliance on debt increases the potential for market disruptions in commodity markets.

Securities / Derivatives

ASX Sets Out New Roadmap for CHESS Replacement Solution

By Manesh Samtani | 20/02/2023

ASX is giving away up to AUD 70 million to stakeholders in rebates and incentives to support their efforts in meeting project milestones.

Securities / Derivatives

RBI Issues Draft Rules Permitting G-Sec Borrowing & Lending

By Editors | 20/02/2023

Entities that are permitted to engage in short selling are eligible to borrow securities under a GSL transaction, which may be a tenor of up to 90 days.

Securities / Derivatives

RBI Issues Draft Guidelines on Market Risk Capital Requirements

By Editors | 20/02/2023

The draft guidelines are open for comment until 15 April 2023. The RBI intends for the guidelines to come into effect from 1 April 2024.

Securities / Derivatives

Industry Bodies Open Common Domain Model on FINOS Platform

By Editors | 20/02/2023

The open-source CDM is now fully integrated into the FINOS project landscape, which will open up opportunities for open collaboration between market participants.