Markets & Infrastructure

Market Abuse

CSRC Fines Four Individuals for Spreading False News

By Editors | 22/08/2019

The individuals, including a news editor, were fined for spreading ‘fabricated’ news that the CSRC blames for stock market declines in late January.

Trading & Investment

BNM Extends Range of Securities Eligible for Repo

By Editors | 21/08/2019

BNM’s draft policy document proposes to extend the maximum tenor of a repo to five years from 365 days previously, and to expand the securities that are eligible for repo.

Structural Regulation

US Regulators Approve Easing of Volcker Rule

By Manesh Samtani | 21/08/2019

Two of five US agencies have approved the Volcker Rule revamp, which aims to simplify its requirements and give banks more flexibility to trade.

Supervision & Enforcement

ASIC to Initiate Legal Proceedings Against Banks Within “Weeks”

By Editors | 20/08/2019

In addition to the 13 referrals from the royal commission, ASIC has been investigating “three times as many” case studies with a view to initiating legal proceedings in the new few weeks.

Trading & Investment

China Levels Playing Field for Foreign Asset Managers

By AsianInvestor | 20/08/2019

By enlarging their investment scopes, the regulator is also paving the way for them to expand their businesses in China.

Trading & Investment

PBOC Approves Development of ‘Standardised Notes’

By Editors | 20/08/2019

Standardised notes are tradable beneficiary certificates backed by a pool of commercial paper or bankers’ acceptances with similar maturities.

Conduct, Culture & Accountability

Australia Accelerates Post Royal Commission Reform

By Editors | 20/08/2019

Under the government’s implementation roadmap, close to 90% of its remaining commitments will be implemented by mid-2020, and legislation for the rest will be introduced by end-2020.

Trading & Investment

Treasurers and the Libor ‘Pre-Cessation’ Trigger

By CorporateTreasurer | 20/08/2019

Financial firms can’t seem to come to an agreement on the unofficial “pre-cessation” trigger that will signal the beginning of the end for Libor. Meanwhile, SOFR faces some controversy.

Trading & Investment

ASX to Move Bank Bill Futures to Cash Settlement

By Editors | 19/08/2019

It is widely believed that cash-settled contracts will increase trading activity and liquidity into and throughout expiry, and result in lower risk of failed settlement.