Markets & Infrastructure

Trading & Investment

SEBI Allows Stock Exchange Listings of Commercial Paper

By Editors | 23/10/2019

SEBI says issuers have shown an interest in listing their commercial paper on stock exchanges to capture broader investor participation.

Trading & Investment

JPM, SocGen Earned $6.8mn on Money-Losing DLFs Sold in Korea

By Editors | 23/10/2019

FSS data shows that JP Morgan Chase and Société Générale earned nearly $6.8mn from the high-risk derivatives products sold through KEB Hana and Woori Bank.

Structural Regulation

China Eases Rules on Backdoor Listings for Some Firms

By Editors | 23/10/2019

Assets in high tech and strategically important emerging sectors that “conform to the national strategy” can be used to restructure ChiNext companies, the CSRC says.

AI Risk & Governance

Suptech Gains Momentum but Approaches Vary: FSI Paper

By Editors | 23/10/2019

Suptech use cases have mainly clustered around misconduct analysis, reporting and data management, according a new paper from the BIS Financial Stability Institute.

Trading & Investment

IPO Sponsors, Underwriters Are ‘Guardians of Market Quality’: SFC

By Manesh Samtani | 22/10/2019

The SFC expects sponsors to conduct sufficient due diligence to properly understand and assess the companies seeking to be listed, and to ensure red flags are properly followed up.

Conduct, Culture & Accountability

SEBI’s Final Rules for Resigning Auditors Take Effect

By Editors | 22/10/2019

Auditors proposing to resign must first report all of the issues that may be hindering the audit process to the audit committee of the listed company.

Supervision & Enforcement

MAS, CBIRC Enhance Cross-Border Supervisory Cooperation

By Editors | 22/10/2019

The MOU will enhance supervisory cooperation and facilitate information exchange between the two regulators in the areas of banking and insurance supervision and crisis management.

Trading & Investment

ISDA Publishes Final Results of IBOR Pre-Cessation Consultation

By Manesh Samtani | 22/10/2019

The consultation did not yield a consensus among market participants regarding how to address pre-cessation issues related to a benchmark’s nonrepresentativeness.

Structural Regulation

ASIC, ESMA Sign MOU to Cooperate on Benchmarks

By Editors | 22/10/2019

The MoU sets out cooperation arrangements to complement the EU’s July equivalence decision, as well as to ensure effective information exchange and supervisory coordination.