Markets & Infrastructure

Trading & Investment

SGX Expands Into FX OTC Space with Another Acquisition

By Editors | 26/07/2021

SGX is acquiring FX trading platform MaxxTrader, paving the way for it to build an integrated and scalable FX OTC marketplace anchored in Singapore.

Trading & Investment

ISDA to Implement Fallbacks for GBP & USD LIBOR ICE Swap Rates

By Manesh Samtani | 25/07/2021

A consultation on whether ISDA should implement fallbacks for GBP and USD LIBOR ICE Swap Rates received support from a “significant majority” of respondents.

Structural Regulation

Hong Kong Introduces Bill to Boost FRC’s Regulatory Powers

By Sanday Chongo Kabange | 25/07/2021

Under the proposed regime, regulatory powers currently vested with the HKICPA will be transferred to the Financial Reporting Council.

Conduct, Culture & Accountability

ASIC to Update Guidance on Anti-hawking Regime

By Ranamita Chakraborty | 23/07/2021

The updated guidance reflects the reforms which consolidate three existing hawking prohibitions into a ban covering all financial products.

Trading & Investment

ARRC Endorses Shift to RFRs for Cross-currency Basis Swaps

By Manesh Samtani | 23/07/2021

From 21 September, interdealer trading in cross-currency basis swaps between USD, JPY, GBP and CHF would reference each currency’s RFR.

Trading & Investment

Taiwan Launches Two New Trading Boards for Startups

By Manesh Samtani | 23/07/2021

Only qualified investors can trade on the new boards, including individuals that meet a net worth or annual income requirement.

Conduct, Culture & Accountability

ASIC Publishes Reference Checking Protocol & Guidance

By Editors | 22/07/2021

The protocol and guidance will help financial advisers and mortgage brokers comply with new reference checking and information sharing obligations.

Trading & Investment

Experts Debate Treatment of Retail Investors in HNA Restructuring

By Sanday Chongo Kabange | 22/07/2021

Debt claims exceeding CNY 30 billion were mainly filed by HNA employees and their relatives who purchased wealth management products from three HNA-backed P2P platforms.

Trading & Investment

ISDA Launches Microsite to Facilitate Understanding of IBOR Fallbacks

By Editors | 22/07/2021

The microsite provides information about adoption rates for the ISDA 2020 IBOR Fallbacks Protocol and graphs comparing LIBOR and fallback rates.