Securities & Trading

The Swiss regulator said it will appoint a third-party agent to investigate “possible shortcomings in risk management” at Credit Suisse.

The FMA has directed fund managers not to advertise performance which only includes the recovery after March 2020.

The sell-side is seeking enhancements to reconciliations and confirmations capabilities. The buy-side is focusing on fails and collateral management.

Recent bankruptcies by FIs have "fully proved" that close-out netting can be guaranteed in the resolution stage, a CBIRC official said at ASIFMA's China Capital Markets Week.

The new contracts offer participants more precise hedging tools as a recovery drives demand for iron ore and minor bulks, SGX said.

Despite the attractiveness of Chinese equities, foreign ownership remains lower than in other major markets at 4.3 percent.

Shinhan Bank has separately been ordered to repay up to 75 percent of investments it sold in Lime's credit insured funds.

The GFEX will develop carbon futures, and also explore electricity futures, climate-related products, commodities index futures and other "green-linked" commodities.

The plan is a response to growing suspicions that investors are purchasing bitcoin from overseas exchanges with the intent of selling them in Korea at a premium.

The move is in part aimed at increasing algorithm capacity for trading Chinese yuan, the most heavily traded emerging market currency.