Markets & Infrastructure

Trading & Investment

LME Group Unveils Plans to Strengthen Metals Markets

By Editors | 30/03/2023

The LME is making daily price limits permanent, revising its margin methodology, and developing a China-based spot market offering for Class II nickel products.

Clearing & Post-Trade

South Korea Grants Clearstream QFI Status

By Editors | 30/03/2023

The QFI status will enable Clearstream to offer omnibus account services for Korea Treasury Bonds and Monetary Stabilisation Bonds.

Conduct, Culture & Accountability

CBIRC Details Governance Improvements at Banks, Insurers

By Editors | 30/03/2023

Over the past three years, more than 7,600 shareholders who violated laws and regulations have either been liquidated or had their rights restricted.

Conduct, Culture & Accountability

UBS Plans to Run Credit Suisse Staff Through “Culture Filter”

By Editors | 30/03/2023

UBS chairman Colm Kelleher said the “culture filter” is needed to root out parts of Credit Suisse that had a “bad culture”.

Structural Regulation

ASIC Commences Probe into Regulatory Breaches by ASX

By Sanday Chongo Kabange | 30/03/2023

ASIC is investigating whether ASX breached the law in its oversight of and disclosures relating to the CHESS replacement programme.

Clearing & Post-Trade

HKEX to Increase Size of Futures Market Reserve Fund

By Manesh Samtani | 30/03/2023

HKFE Clearing Corporation has revised the default assumption used in calculating the Reserve Fund size.

Capital Adequacy

DBS Seeks to Establish Additional China Subsidiary

By Manesh Samtani | 30/03/2023

DBS launched its China securities joint venture last June. If approved, the new subsidiary would be used to sponsor stock listings.

Structural Regulation

Philippines to Merge Two Large State Lenders

By Editors | 30/03/2023

The merger of LandBank and the Development Bank of the Philippines will create the country’s largest lender by assets.

Structural Regulation

Vanguard Issued Warning in NZ for Late Disclosure of ASIC Action

By Editors | 30/03/2023

Vanguard took 55 business days to file a notice on New Zealand’s register about ASIC’s enforcement action. The requirement is 5 business days.