Markets & Infrastructure

    Credit Risk

    Industry Body Outlines Best Practices in CCP Credit Risk Management

    By Editors | 08/05/2021

    The best practices cover governance, model validation, annual credit reviews, operational capabilities, risk management, and portfolio monitoring.

    Operational Risk

    IOSCO Finds Gaps in BCP Rules for Trading Venues, Intermediaries

    By Manesh Samtani | 07/05/2021

    Some jurisdictions have regulatory requirements for critical systems of trading venues that do not extend to outsourced functions.

    Conduct, Culture & Accountability

    FMSB Publishes Final Standard on Execution of Large Trades

    By Editors | 07/05/2021

    The Standard establishes principles for how dealers should behave when executing large trades to mitigate market impacts, conduct risks and conflicts of interest.

    Alternative Markets

    HK Insurance Authority Unveils Details of ILS Grant Scheme

    By Editors | 07/05/2021

    Onshore and offshore sponsors of insurance-linked securities are eligible for the grant scheme, capped at HK$12mn per issuance.

    AI Risk & Governance

    SGX RegCo Deploys AI & Machine Learning to Detect Risk

    By Editors | 06/05/2021

    SGX RegCo is adapting information from companies’ disclosures into structured data that can be more quickly analysed.

    Trading & Investment

    US Banks Execute First BSBY-Linked Swaps Transaction

    By Editors | 06/05/2021

    Bank of America and JPMorgan Chase entered into a $250mn one-year basis swap with one side tied to BSBY, the other to SOFR.

    Structural Regulation

    New Zealand Passes Financial Market Infrastructures Bill

    By Editors | 06/05/2021

    The Bill provides the RBNZ and FMA with comprehensive regulatory, supervisory, enforcement, and crisis management powers in respect of important FMIs.

    Structural Regulation

    SFC May Have Doubts About Allowing SPAC Listings – Report

    By Sanday Chongo Kabange | 06/05/2021

    HKEX is preparing to consult the market by end-June at the earliest. However, market participants believe the odds are low that SPACs will be allowed in Hong Kong.

    Fraud, Scams & Cybercrime

    HKEX Proceeds to Delist Shares of Convoy Global Holdings

    By Sanday Chongo Kabange | 06/05/2021

    HKEX says its Listing Review Committee has upheld the May 2020 decision to cancel the listing of Convoy Global Holdings.

    Trading & Investment

    BSEC Allows Foreign Companies to Sponsor Mutual Funds

    By Editors | 06/05/2021

    Foreign companies will be allowed to become sponsors of mutual funds, subject to a maximum contribution of 25 percent of the find size.

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