Securities / Derivatives

Market Infrastructure

RBA Expresses Concerns Over CHESS System Delays in ASX Assessment

By Editors | 02/10/2022

ASX recorded a “strike” against the adoption of its remuneration report, which included a A$1.2mn bonus for former CEO Dominic Stevens despite the CHESS replacement delay.

ESG / Sustainability

China Designates 18 ‘Gatekeepers’ for Green Bond Market

By Darien Choong | 02/10/2022

The 18 firms, which include PwC, EY and Morningstar’s China units, will be responsible for evaluating and certifying green bonds and help to prevent greenwashing.

Securities / Derivatives

TWSE to Lower Listing Requirements for Innovation Board

By Editors | 02/10/2022

The Taiwan Innovation Board was launched in July last year to cater to innovative startups, but has seen only one listing so far.

ESG / Sustainability

Singapore Exchange Launches Battery Metal Futures

By Editors | 02/10/2022

Contracts were launched in battery-grade lithium carbonate; lithium hydroxide; cobalt metal; and cobalt hydroxide.

Securities / Derivatives

SWIFT Launching New Service to Reduce Settlement Fails

By Editors | 02/10/2022

The service will use UTIs to enable automated tracking of both sides of the transaction by all market participants involved.

ESG / Sustainability

ISDA Analyses Regulatory Treatment of SLDs in Hong Kong

By Editors | 02/10/2022

The paper considers how SLDs would be classified and regulated, and the compliance issues for market participants to consider when executing SLDs.

Securities / Derivatives

SEBI Issues New Rules for Ratings of Credit-enhanced Securities

By Editors | 30/09/2022

The rules require CRAs to make certain disclosures and conduct independent due diligence on the nature of support provided by an external or third party.

Enforcement

Japan SESC Seeks Penalty Order Against SMBC Nikko Securities

By Editors | 30/09/2022

The SESC has recommended that the FSA punish SMBC Nikko Securities for stock price manipulation and shortfalls in its trading surveillance system.

Capital / Liquidity

Standard Setters Publish Review of Global Margining Practices

By Editors | 30/09/2022

Market volatility and model reactions to volatility were responsible for the majority of the peak increase in IM requirements in March and April 2020.