ADVERTISEMENT
Coverage of regulatory developments, market trends, and operational standards across asset classes, financial products, and trading venues.
Supervision & Enforcement
US SEC Opens Preliminary Investigation into Archegos Collapse
By Manesh Samtani | 06/04/2021
Credit Suisse expects a $4.7bn loss from the collapse of Archegos. The bank has suspended share buybacks, cut its dividend, and announced the departure of seven key executives.
Trading & Investment
FCA, BOE Urge Switch to SONIA in GBP Non-linear Derivatives
By Editors | 05/04/2021
The FCA and BOE have asked liquidity providers and interdealer brokers to adopt SONIA in quoting conventions for GBP non-linear derivatives from 11 May.
Trading & Investment
ASIC Bans Sale of Binary Options to Retail Clients
By Editors | 05/04/2021
The binary options ban will take effect from 3 May. A separate order imposing conditions on the issue and distribution of CFDs to retail clients has taken effect on 29 March.
Structural Regulation
HKEX Proposes to Streamline Listing Regime for Overseas Issuers
By Manesh Samtani | 03/04/2021
The proposed changes provide an easier path to a Hong Kong listing particularly for Chinese companies under pressure to delist from US exchanges.
Structural Regulation
CSRC to Explore Creation of Domestic Exchange for Overseas Firms
By Editors | 02/04/2021
Talks for the new exchange are reportedly in early stages. A time frame and location have not yet been decided.
Structural Regulation
SGX Opens Consultation on SPACs Listing Framework
By Manesh Samtani | 02/04/2021
At least 90 percent of IPO proceeds will have to be placed in escrow pending a SPAC’s acquisition of a target company.
Structural Regulation
ACCC Gives NAB Green Light to Acquire Neobank 86400
By Ranamita Chakraborty | 01/04/2021
The ACCC’s decision is based on an assessment that the NAB acquisition is “unlikely to substantially lessen competition” in the market.
Structural Regulation
Singapore Announces End-date for SOR Derivatives
By Manesh Samtani | 01/04/2021
Banks are asked to cease issuance of SOR derivatives and SIBOR-linked financial products by end-September 2021.
Trading & Investment
ARRC Publishes Guidance on Swap Rate, Business Loans, ABS
By Editors | 29/03/2021
The ARRC has published a formula to calculate fallbacks from the USD LIBOR ICE Swap Rate, simplified fallback language for business loans, and a model for using SOFR in ABS products.
Structural Regulation
BNM Shariah Advisory Council Rules RFRs Permissible
By Editors | 29/03/2021
The ruling was made based on the justification that the compounding methodology is “merely an arithmetic method” and does not affect compliance with Shariah requirements.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.