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Reporting on regulatory frameworks and rules governing market design, authorisation, and oversight of key financial market participants and infrastructures.
Structural Regulation
BOJ, FSA Publish Findings on LIBOR Transition Progress
By Editors | 15/03/2020
About 50% of the 6.3 quadrillion yen in notional derivatives referencing LIBOR will mature after 2021, but “very few” contracts incorporate fallback provisions.
Trading & Investment
SET Tightens Short Selling Rule After Second Trading Halt
By Editors | 14/03/2020
Short selling orders can now only be executed at prices higher than the last traded price, the SET said after its circuit breaker was triggered for the second day in a row.
Trading & Investment
FSC Korea Imposes Complete Ban on Short-Selling for Six Months
By Editors | 14/03/2020
The FSC is also loosening rules on share buybacks and lifting minimum collateral coverage requirements for securities firms, while the BOK considers an interest rate cut.
Trading & Investment
Thai Bourse Announces Relief Package, Circuit Breaker Triggers
By Editors | 12/03/2020
The 30-minute trading halt came shortly after the SET announced a Covid-19 relief package, which included 500 million baht in fee reductions for market participants.
Clearing & Post-Trade
Eurex Approved to Offer Clearing Services in Japan
By Editors | 12/03/2020
The FSA licence will allow Japanese financial institutions to combine their listed and OTC euro yield curve businesses in one single place, Eurex says.
Trading & Investment
Indonesia Triggers Circuit Breaker, Suspends Pre-Opening Session
By Editors | 12/03/2020
IDX halted trading to end Thursday, just a day after tightening the circuit breaker mechanism. The pre-opening session is suspended until further notice.
Trading & Investment
Offshore FIs More Hopeful of Access to China Bond Futures
By FinanceAsia | 12/03/2020
A new pilot scheme to allow Chinese banks to trade government bond futures is a healthy step towards allowing foreign investors to finally tap it, experts believe.
Conduct, Culture & Accountability
Major Banks’ Fee-based Revenue at Risk – Study
By Editors | 11/03/2020
Increased regulatory pressure and growing competition from new players could cost incumbent banks 5% of their revenue over the next 3-5 years, says a new report from Accenture.
Structural Regulation
ASIC Finalises New Licensing Framework for Foreign Firms
By Editors | 11/03/2020
The framework introduces a new ‘foreign AFS’ licensing regime, and licensing relief for foreign fund managers seeking to induce investment from certain professional investors such as super funds.
Trading & Investment
S. Korea Tightens Short Selling Rules to Curb Market Volatility
By Editors | 10/03/2020
Starting from Wednesday, the new rules will extend the current 1-day prohibition on ‘overheated short-selling stocks’ to 10 days, while lowering the thresholds for the designation.
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