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Trading & Investment
Moscow Reopens Bond Market to ‘Friendly’ Nations
By Manesh Samtani | 17/08/2022
Investors from “unfriendly” countries remain subject to capital controls banning them from selling or collecting payments on Russian securities.
Credit Risk
Hong Kong FRC Probes Evergrande, PwC Over Loan Guarantees
By Editors | 16/08/2022
The FRC is concerned about deposits held by Evergrande’s property services unit that were pledged as security for third parties to obtain bank loans.
Conduct, Culture & Accountability
HK Exchange Censures Ping An Securities, Two Former Directors
By Editors | 16/08/2022
The two former executive directors of Ping An Securities caused losses to the company through unapproved loans and asset disposals.
Clearing & Post-Trade
CFTC Removes Clearing Requirement for LIBOR Swaps
By Editors | 16/08/2022
Mandatory clearing requirements will instead apply to interest rate swaps referencing SARON, TONA, €STR, SOFR and SORA.
Tokenisation
ISLA May Revise GMSLA to Cater to Digital Assets
By Editors | 15/08/2022
ISLA has appointed Ashurst to assess whether the standard master agreements used in securities lending may need to be extended or revised.
Payments & Settlements
BSP Urged to Regulate Away ‘Exorbitant’ Bank Transfer Fees
By Editors | 15/08/2022
Lawmaker Joey Salceda is calling on the BSP to set a cap on transfer fees charged by banks for the use of interbank payment systems.
Conduct, Culture & Accountability
RBI Directs Lenders to Clean Up Debt Collection Practices
By Editors | 15/08/2022
Regulated entities must ensure they and their agents do not resort to intimidation or harassment of any kind against any person in their debt collection efforts.
Structural Regulation
Australia Commences Review of ASIC’s Industry Funding Model
By Editors | 15/08/2022
The review will be “forward looking” and focused on identifying refinements to the funding model to ensure its settings remain “appropriate”.
Trading & Investment
RBI Allows Standalone Primary Dealers to Expand Services
By Editors | 15/08/2022
Stand-alone primary dealers can offer FX market-making facilities and undertake foreign currency OIS transactions directly with non-residents.
Structural Regulation
Industry Calls for Reforms to EU Benchmarks Regulation
By Manesh Samtani | 15/08/2022
Many non-EU benchmarks won’t qualify under BMR in time for 31 December 2023, disproportionately impacting Asia exposures.
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