Trading & Investment

Market Data & Technology

Bloomberg Begins Publishing IBOR Fallback Rates for Derivatives

By Editors | 21/07/2020

The calculations being published include the adjusted RFRs, the spread adjustment and the ‘all in’ IBOR fallback rates for certain key IBORs across various tenors.

Structural Regulation

CSRC Updates Rules for Managing Margin Deposits for Futures

By Editors | 21/07/2020

The revisions strengthen the obligations of depository banks and futures companies in managing margin deposits for futures trading, and clarify that the same rules apply for overseas participants.

Fraud, Scams & Cybercrime

NAFMII Penalises Bank of Beijing with Underwriting Suspension

By Editors | 20/07/2020

NAFMII says Bank of Beijing failed to perform due diligence and adequately monitor five bond issuances for Kangde Xin Composite Material Group, all of which defaulted in recent years.

Trading & Investment

CFTC Grants Certification to 23 HKFE Index Futures Contracts

By Editors | 20/07/2020

The 23 contracts can be offered and sold to US persons, and are among the new products being introduced as part of a ten-year licensing agreement with MSCI.

Structural Regulation

Australia Mulls Measures to Establish Regional Financial Hub

By Editors | 16/07/2020

Australian Senator Andrew Bragg wrote to Treasurer Josh Frydenberg suggesting reforms to capitalise on Hong Kong’s recent political changes.

Alternative Markets

UPDATED – China: State Council Releases Insurers from Equity Investment Limits

By Editors | 16/07/2020

A State Council decision paves the way for the implementation of CBIRC rules drafted in 2018 that would remove most limits on the equity sectors in which insurers can invest.

Sustainable Finance

The Role of Derivatives Markets in Sustainable Finance

By Editors | 16/07/2020

The derivatives market can contribute in the transition towards a low-carbon economy, due its ability to facilitate capital-raising via the hedging of risks related to sustainable investments.

Trading & Investment

China Issues Authoritative Guidance on Handling Bond Disputes

By Editors | 16/07/2020

In disputes involving breach of contract, fraud or false statements – the issuer, its controlling shareholders, directors, and senior management will be held liable for bondholder losses.

Capital Adequacy

BSEC Frames Rules for Mandatory Trading of Banks’ Perpetual Bonds

By Duruthu E Chandrasekera | 16/07/2020

Two banks have received conditional approval to list perpetual bonds on Bangladesh’s stock exchanges, while BSEC works to frame its rules for the listings.