Prudential Risk

    Trading & Investment

    LME Proposes to Enhance Reporting of OTC Metals Trades

    By Editors | 21/05/2022

    Banks would be required to report all off-exchange trades in aluminium, copper, nickel, tin and zinc on a weekly basis.

    Market Risk

    Risks Were Visible in EMIR Data Prior to Archegos Collapse: ESMA

    By Manesh Samtani | 19/05/2022

    ESMA found that reported trade activity data could be used to track the evolution of Archegos’ positions in individual stocks and analyse the mark-to-market value of its portfolio of swaps.

    Credit Risk

    MAS Revises Notice on Unsecured Credit Facilities for Retail

    By Editors | 19/05/2022

    Banks should not increase credit limits if the total outstanding unsecured credit would exceed 6 times the borrower’s monthly income.

    Cybersecurity

    ASIC Sets Out Expectations on Cyber Risk Management

    By Mark Johnston | 19/05/2022

    The guidance follows Australia’s first Federal Court judgment ruling that an AFS licensee breached its obligations on managing cyber risk.

    Emerging Prudential Risks

    ASEAN+3 Ministers Pledge to Maintain Regional Stability

    By Editors | 19/05/2022

    The CMIM is being enhanced to allow ASEAN+3 members to use their own and each other’s local currencies for CMIM liquidity support.

    Operational Risk

    HKMA’s Operational Resilience Standards: An ‘Adapt and Learn’ Approach

    By Lisa Huang | 19/05/2022

    Lisa Huang and Shannon Wong offer guidance on making a timely start to compliance with HKMA’s new operational resilience framework.

    Credit Risk

    China Property Firms Start Issuing Debt with Credit Protection

    By Darien Choong | 19/05/2022

    This is the first time Chinese developers are issuing public debt with credit risk protection, said one property analyst.

    Cryptocurrency

    Regulation Needed for ‘Shadow’ Crypto Financial System: BIS

    By Manesh Samtani | 19/05/2022

    As banks and asset managers increase exposure to crypto, substantial activity is still concentrated in lightly regulated crypto exchanges.

    Clearing & Post-Trade

    HKEX Sets 13 June Launch Date for New VaR Platform

    By Editors | 17/05/2022

    The VaR Platform will replace the existing flat-rate model for calculation of margin and HKSCC Default Fund contributions.

    Trading & Investment

    SSE Consults on Market Making Rules for STAR Market

    By Darien Choong | 17/05/2022

    The consultation comes as the CSRC releases final regulations on the introduction of a market-making mechanism for the STAR Market.

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