SECURITIES / DERIVATIVES

    Securities / Derivatives

    RBI Lifts Restrictions on Offshore Rupee Trades by Banks

    By Editors | 17/12/2022

    Informal restrictions on rupee NDF trades in the offshore market were imposed in October to help defend a falling rupee.

    Market Infrastructure

    ASX Commits to Providing Certainty on Stability of CHESS

    By Sanday Chongo Kabange | 16/12/2022

    ASIC and the RBA asked ASX to issue a special audited report detailing arrangements to ensure the stability, security and resilience of the existing CHESS system.

    Market Infrastructure

    US Regulators Deem Audit Inspections of Chinese Firms a Success

    By Manesh Samtani | 16/12/2022

    The PCAOB did identify some deficiencies in their inspection work, but it was able to view complete audit work papers with no redactions.

    Securities / Derivatives

    China Asks Banks to Absorb Selling Pressure in Bond Markets

    By Editors | 16/12/2022

    Banks are asked to absorb selling pressure caused by retail investors withdrawing funds from wealth management products and bond funds.

    Market Infrastructure

    NYSE, Nasdaq Expected to See More Capital Raises via Direct Listings

    By Mark Johnston | 16/12/2022

    The SEC is expected to permit the NYSE to ease its rules for direct listings, after a similar approval was granted to Nasdaq earlier this month.

    Securities / Derivatives

    Stress Eases in Chinese Offshore Debt Market – Reports

    By Editors | 15/12/2022

    Chinese offshore dollar bonds have ended 14 months of losses. China’s banks have vowed to extend at least USD 179 billion of financing help to developers.

    Capital / Liquidity

    FSB to Revise Recommendations on Fund Liquidity Management

    By Editors | 15/12/2022

    Open-ended funds with illiquid assets should only be allowed to offer daily dealing if they use tools that pass on redemption costs to redeeming investors.

    Crypto / Digital Assets

    Hong Kong to List First Crypto Futures ETFs on 16 Dec

    By Editors | 15/12/2022

    The ETFs are being launched by CSOP Asset Management, one linked to Bitcoin futures and the other to Ether futures traded on the CME.

    Market Infrastructure

    HKEX Releases Details on Proposed Dual Counter Model

    By Editors | 14/12/2022

    Market makers and liquidity providers for the dual counter model will be onboarded starting in the first half of 2023.

    ESG / Sustainability

    ISDA Launches Standard Definitions for Voluntary Carbon Markets

    By Editors | 14/12/2022

    The new documentation will bring greater legal certainty and consistency to trading in verified carbon credits, ISDA says.

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