Trading & Investment

Trading & Investment

Central Bank to Discontinue Sri Lanka Inter-Bank Offered Rate

By Editors | 27/02/2020

This decision reflects the lack of SLIBOR’s usage of in benchmarking loan products in the domestic financial market, along with a global trend of phasing out IBORs.

Structural Regulation

BOE to Increase Haircuts on LIBOR-linked Collateral from October

By Editors | 27/02/2020

The market need to see a decisive acceleration in effort in 2020 to ensure risk-free rates are adopted and LIBOR is left behind for good, the BOE’s Andrew Hauser said.

KYC & CDD

HK FSDC Survey Highlights Regulatory Challenges in Wealth Management

By Editors | 26/02/2020

Survey and focus group participants highlighted KYC challenges, a lack of clarity on client suitability requirements, and overly onerous investor protection measures impeding professional investors.

Trading & Investment

Hong Kong Announces Budget Initiatives to Boost Financial Sector

By Manesh Samtani | 26/02/2020

The initiatives include a waiver on stamp duties paid by ETF market makers, tax concessions for private equity funds, and planned enhancements to Hong Kong’s AML/CTF regime.

Structural Regulation

ASIC Proposes to Reduce Red Tape for Companies Planning IPOs

By Editors | 26/02/2020

ASIC proposes to grant conditional relief for voluntary escrow arrangements and pre-prospectus communications to existing shareholders and employees.

Trading & Investment

ISDA Launches New Consultation on Pre-cessation Fallbacks

By Editors | 25/02/2020

ISDA seeks input on whether to add a pre-cessation trigger to the permanent cessation fallbacks it is implementing for LIBOR in its standard documentation.

Trading & Investment

ISDA Concludes Consultation on EUR LIBOR, EURIBOR Fallbacks

By Editors | 25/02/2020

Respondents selected the ‘compounded setting in arrears rate approach with a backward-shift adjustment’ and ‘five-year historical median approach to the spread adjustment’.

Clearing & Post-Trade

HKEX Finds Compliance Deficiencies at Exchange, Clearing Participants

By Editors | 25/02/2020

HKEX has asked 95 participants to address deficiencies relating to position limits and large open position reporting, risk management and China Connect trading activities.

Trading & Investment

China Reopens Treasury Bond Futures Market to State-run Banks

By Editors | 24/02/2020

The domestic treasury bond futures market was closed in 1995 following a panic sell-off and the collapse of China’s largest brokerage at the time.