Structural Regulation

Operational Risk

BOJ, FSA Direct Financial Firms to Take Action on LIBOR Transition

By Editors | 01/06/2020

FIs are asked to take specific actions to prepare for the cessation of LIBOR, and to submit materials allowing the BOJ and FSA to review preparedness at individual firms.

Trading & Investment

China Publishes Rules on Prime Broker Access to Interbank FX Market

By Editors | 01/06/2020

Foreign investors can apply to become prime brokerage clients to trade interbank FX forwards, swaps, and other FX derivatives to hedge interbank bond exposures.

Structural Regulation

ARRC Publishes Best Practices for LIBOR to SOFR Switch

By Editors | 01/06/2020

The ARRC outlines near-term transition steps that market participants should aim to take across floating rate notes, business loans, consumer loans, securitisations, and derivatives.

Trading & Investment

How Singapore’s New Rate Will Change the S$3.5tr Derivatives Market

By FinanceAsia | 31/05/2020

With the first interest rate swap transaction referencing the new Singapore Overnight Rate Average, the island state hopes to stay ahead of regional peers.

Trading & Investment

CFFEX Invites Submissions on Futures Market Development

By Editors | 31/05/2020

The CFFEX is calling for research into the opening up of its financial futures market to foreign investors, drawing lessons from overseas exchanges.

Structural Regulation

Chinese Regulators Probe New ‘Group Savings’ Products at Banks

By Editors | 30/05/2020

‘Group savings’ products allow customers to join together as participants to receive better interest rates on savings, wealth management and loans

PEPs & Sanctions

Trump: US to End Hong Kong Trade Privileges, Sanction Chinese Officials

By Manesh Samtani | 30/05/2020

The US President says Hong Kong’s special treatment will be revoked, Hong Kong and Chinese officials will be sanctioned, and Chinese companies listed on US exchanges will be examined.

Structural Regulation

SSE Considers Overhaul of Index Methodology – Report

By Editors | 28/05/2020

The SSE is considering using free float rather than total outstanding shares to calculate a company’s market value for the index, which would reduce the weightings of SOEs.

PEPs & Sanctions

China Approves Plan to Impose National Security Law in Hong Kong

By Manesh Samtani | 28/05/2020

The move could impact Hong Kong’s special trade status under US law, lead to sanctions against officials, and trigger a downgrade of the city’s credit rating.