Markets & Infrastructure

Structural Regulation

FCA Consults on Use of New Powers to Facilitate LIBOR Transition

By Editors | 22/05/2021

The consultation will help the FCA decide on what legacy use to permit for non-representative benchmarks and how it will prohibit new use of critical benchmarks that are ceasing.

Trading & Investment

Shanghai, Shenzhen Bourses Consult on New Bond Issuance Rules

By Editors | 22/05/2021

Rules requiring issuers to have credit ratings are removed, investor rights protection mechanisms are enhanced, and obligations on intermediaries are strengthened.

Structural Regulation

HKEX Finalises Rule Changes to Enhance Market Quality

By Manesh Samtani | 21/05/2021

HKEX will increase the profit requirement to HKD 80 million in combined profits over the three years. Proposals to enhance its disciplinary powers and sanctions will also be adopted.

Trading & Investment

BNM Consults on Multi-rate Approach to LIBOR Transition

By Manesh Samtani | 21/05/2021

A new discussion paper proposes that the Malaysian ARR be based on overnight transactions in the interbank market, and that the ARR runs in parallel to KLIBOR.

Market Abuse

SFC to Investigate, Punish Misconduct in ‘Problematic’ IPOs

By Manesh Samtani | 20/05/2021

In a joint statement with the stock exchange, the SFC says it will not hesitate to take enforcement action against intermediaries for IPO-related misconduct.

Trading & Investment

Bursa Malaysia Set to Pilot Market Making in Stocks

By Editors | 20/05/2021

Firms can register as stock market makers and carry out market making activities in eligible stocks, helping to improve liquidity and price efficiency of these stocks.

Structural Regulation

SET Amends Listing Rules to Introduce Market Cap Test

By Sanday Chongo Kabange | 20/05/2021

The listing rule changes will enable companies in target sectors to more easily access funding from Thailand’s capital market.

Trading & Investment

Nomura to Set Up Electronic FX Trading Engine in Singapore

By Ranamita Chakraborty | 20/05/2021

The electronic FX pricing and trading engine will improve execution infrastructure, access to liquidity and price discovery for clients.

Sustainable Finance

DBS, SGX, StanChart, Temasek to Launch Carbon Exchange

By Editors | 20/05/2021

‘Climate Impact X’ seeks to address a need for more high-quality carbon credits and promote active cross-border trading of such credits to drive global price transparency.