Trading & Investment

Conduct, Culture & Accountability

Seoul Court Rules Against FSS in DLF Mis-selling Case

By Editors | 31/08/2021

An FSS decision to ban Woori Financial Group Chairman Son Tae-seung from the financial industry for three years is effectively nullified.

Structural Regulation

ACCC Opens Competition Inquiry Into NAB-Citigroup Deal

By Sanday Chongo Kabange | 30/08/2021

The ACCC has asked interested parties to submit their views regarding NAB’s proposed acquisition of Citigroup’s Australian consumer banking business by 13 September.

Trading & Investment

HKEX Signs Collaboration MoU with Guangzhou Futures Exchange

By Ranamita Chakraborty | 30/08/2021

HKEX and GFEX will work together to develop China’s derivatives markets, explore a green and low-carbon market, and promote sustainability.

Trading & Investment

Korean Fund Managers Allowed to Cross-List Chinese ETFs

By Sanday Chongo Kabange | 26/08/2021

The FSC has enacted rule changes that allow domestic asset management firms to cross-list Chinese ETFs in Korea starting Friday (27 August).

Trading & Investment

US Treasury ‘Will Not Adjudicate’ on LIBOR Replacement Rates

By Manesh Samtani | 26/08/2021

Nonfinancial corporations were seeking clarity on alternative rates and help to address difficulties obtaining loan agreements based on SOFR.

Trading & Investment

Malaysia Further Extends Restrictions on Intraday Short Selling

By Editors | 26/08/2021

Bursa Malaysia plans to introduce the “at-tick rule”, under which intraday short sale orders can only be placed at the best selling price or higher.

Structural Regulation

SEC Directs Chinese Firms to Issue Disclosures on VIE Structures

By Sanday Chongo Kabange | 26/08/2021

Chinese companies have started to receive instructions from the SEC on the disclosures they must provide on their use of VIEs for US-bound IPOs.

Structural Regulation

ASIC Consults on Payment-for-order-flow Prohibition

By Editors | 26/08/2021

Payment-for-order-flow arrangements are already prohibited in Australia. ASIC proposes amendments to address scenarios not currently covered by the rules.

Trading & Investment

CME Group Launches BSBY Futures Contract

By Editors | 25/08/2021

The contract was introduced to offer price discovery and risk hedging for the BSBY Index. CME Group plans to introduce OTC clearing of BSBY swaps in Q4.