Markets & Infrastructure

Trading & Investment

China State Fund Buys ETFs to Support Stock Market

By Editors | 24/10/2023

State-controlled Central Huijin Investment did not disclose how much it invested in ETFs. Brokers estimate the amount around CNY 10 billion.

Credit Risk

New Paper Sheds Light on CCP Credit Risk Management Practices

By Manesh Samtani | 23/10/2023

The paper from CCP Global provides information on how CCPs conduct ongoing credit monitoring to make informed risk assessments and safeguard market integrity.

Structural Regulation

Mizuho to Seek EU Regulatory Approval to Convert to Universal Bank

By Editors | 23/10/2023

Mizuho Financial Group plans to merge its Amsterdam-based banking business and its Frankfurt-based securities business in 2025.

Cryptocurrency

EBA, ESMA Consult on Suitability, Remuneration Under MiCA

By Editors | 23/10/2023

Joint guidelines cover suitability of management, owners and board members of crypto firms and stablecoin issuers. Separate EBA consultation covers remuneration policies.

Data Privacy

US CFPB Proposes Rule to Implement Open Banking

By Editors | 23/10/2023

The CFPB says the proposed rule would allow consumers to “break up” with banks that provide bad service and forbid companies from misusing personal financial data.

Operational Risk

SEBI Issues Guidelines to Boost Operational Resilience of QRTAs

By Editors | 23/10/2023

QRTAs are required to declare a disaster within 30 minutes of an incident and must be able to switch to the DRS within 45 minutes.

Trading & Investment

CFFEX Adjusts Tick Size for Two-Year Government Bond Futures

By Editors | 23/10/2023

The change will help to better align with the cash market and help investors improve the precision of their hedging and other investment strategies, CFFEX said.

Sustainable Finance

BNM Earmarks MYR 600m for SMEs in Four Priority Segments

By Mark Johnston | 21/10/2023

BNM announces funding and grants for SMEs in four segments to help MSMEs participate in key national initiatives.

Conduct, Culture & Accountability

ASIC Bans Former PwC Partner Peter-John Collins for Eight Years

By Editors | 21/10/2023

ASIC said Peter-John Collins is “not a fit and proper person” and that preventing him from working in the financial services industry was “in the public interest”.