Trading & Investment

Trading & Investment

SEBI Issues Framework to Improve IPO Price Band Discovery

By Editors | 12/04/2023

Stock exchanges will have to compute a common equilibrium price for IPO listings if their call auctions result in equilibrium prices that are too far apart.

Trading & Investment

CFTC Fines Goldman Sachs for Swaps Conduct Failures

By Editors | 12/04/2023

The CFTC said Goldman touted supposed benefits of same-day swap transactions to clients, but not the corresponding costs.

Structural Regulation

First Mainboard Stocks List in China Under New IPO System

By Editors | 11/04/2023

At a listing ceremony on Monday, CSRC chairman Yi Huiman said the reforms mean regulators “no longer pass judgment” on a firm’s investability or value.

Trading & Investment

Final Rules for Swap Connect Agreed by Authorities – Report

By Manesh Samtani | 10/04/2023

Swap Connect could start trading by June if not sooner. Mainland treasury bond futures may also become accessible from Hong Kong.

Trading & Investment

RBI to Permit Local Users to Access Onshore NDF Market

By Editors | 09/04/2023

The move is intended to further deepen the forex market in India and provide residents with greater hedging flexibility, RBI governor Shaktikanta Das said.

Structural Regulation

Morgan Stanley Applies to Open Futures Business in China

By Editors | 09/04/2023

If approved, Morgan Stanley would become the second foreign bank to wholly own a futures business in China, after JPMorgan.

Trading & Investment

US SEC Asked for Views on Whether Loans are Securities

By Mark Johnston | 07/04/2023

Court’s request for SEC’s view has sparked concerns of increased regulation pressure on loan market.

Structural Regulation

FSC Korea Finalises New Rules for Convertible Preference Shares

By Editors | 07/04/2023

The rules were amended to prevent large shareholders from using (redeemable) convertible preference shares to dilute small shareholders.

Market Abuse

ICBC Under Probe for Underwriting, Bond Pricing Practices

By Editors | 06/04/2023

The pricing of debt financing instruments underwritten by ICBC “seriously deviated from the reasonable level of the market” and “disturbed the market order”.