Trading & Investment

Structural Regulation

HKIFA Warns Against Changing UCITS Delegation Model – Report

By Editors | 15/10/2020

HKIFA chief Sally Wong reportedly said a move to restrict the delegation model could prompt capital to flow away from the European fund industry.

Trading & Investment

China Excludes HSBC from Sovereign Bond Sale – Reports

By Editors | 14/10/2020

HSBC is the only lender that participated in China’s November 2019 dollar debt offering that isn’t participating in this year’s issuance.

Trading & Investment

Australian Regulators Urge Adherence to ISDA IBOR Fallbacks

By Editors | 14/10/2020

The ISDA IBOR fallbacks protocol and supplement were informed by extensive consultation with industry, including in Australia.

Trading & Investment

SGX, NZX Seek Partnership to Fuel Growth in Dairy Derivatives

By Editors | 14/10/2020

The partnership with SGX will help NZX to unlock and accelerate growth in liquidity and market scale in its dairy derivatives market.

Structural Regulation

StanChart Seeks Regulatory Approval for China Securities Unit

By Editors | 13/10/2020

The CSRC has accepted an application from Standard Chartered Hong Kong to set up a securities firm in the mainland.

Structural Regulation

CSRC Probe Forces Ant Group to Delay IPO – Report

By Editors | 13/10/2020

The CSRC is said to be looking into the role of Alipay as the only third-party channel through which retail investors could buy into five mutual funds investing in the IPO.

Trading & Investment

PBOC Scraps Risk Reserve Requirement on FX Forwards

By Editors | 13/10/2020

The risk reserve ratio previously made it more expensive to bet against the yuan by forcing FIs to set aside extra cash when buying FX forwards for clients.

Structural Regulation

Japan Financial Hub Ambitions Centre on Three Cities – Report

By Editors | 13/10/2020

Prime Minister Yoshihide Suga reportedly plans to quickly address issues concerning taxation, residency requirements and language support to attract foreign talent.

Trading & Investment

BIS Paper Presents Alternative to Forward-looking Term Rates

By Manesh Samtani | 12/10/2020

Many banks have adopted a “wait and see” approach to the LIBOR phase-out, waiting to forward-looking term rates based on RFR derivatives to become available.