United States

Market Infrastructure

Misguided Derivatives Regulation Distorts Markets

By Peter Guy | 23/07/2018

Basel’s new capital rules have impacted global derivatives markets by purging participants and liquidity. Whether or not this was the intended outcome, it will create onerous costs for entire markets and consumers.

Market Infrastructure

A Different Approach to Accelerating Settlement and Reducing Risk

By Murray Pozmanter | 19/07/2018

Optimising settlement and moving beyond T+2 will enable firms to reduce capital requirements, systemic risk and operational costs while preserving resiliency of existing infrastructure.

Fintech / Regtech

Thailand Explores Blockchain Use for Banking, Bonds Settlement

By Garima Chitkara | 18/07/2018

BOT looking at blockchain applications for document authentication, cross-border payments and regional connectivity; Bond Market Association working to release a bond settlement token.

Securities / Derivatives

Thailand to Expand Collateral Allowed for Margin Trading

By Manesh Samtani | 16/07/2018

The SEC is consulting on allowing debt instruments, government securities, and mutual fund units as collateral for margin accounts at securities firms.

Crypto / Digital Assets

RISE HK: Regulation Needed to Clean Up Crypto Sector

By Manesh Samtani | 12/07/2018

At the RISE conference in Hong Kong this week, industry participants called for regulation in the crypto sector “earlier rather than later”, to avoid backlash which could set the industry back.

Securities / Derivatives

Myanmar Stock Market Starts to Open to Foreign Investors

By Emma Zhou | 10/07/2018

Under a new law due to take effect from 1 August, resident foreigners will be able to invest in up to 35% of the share capital of YSX-listed companies.

Fintech / Regtech

Thailand Publishes Regulatory Framework for ICOs

By Emma Zhou | 10/07/2018

New framework will task companies known as ICO portals with screening issuers and cap retail investment in ICO projects, starting from 16 July.

Enforcement

The Risky Business of Hiring Chinese Investment Bankers

By Peter Guy | 09/07/2018

The real cost of doing business in China was suddenly revealed with Credit Suisse’s settlements totalling $77 million with the SEC and DOJ over its alleged violations of the Foreign Corrupt Practices Act by employing Chinese princelings and princesses.

Market Infrastructure

India’s NSE Signs Post-Trade Technology Sharing Pact With Nasdaq

By Garima Chitkara | 04/07/2018

The National Stock Exchange will replace its current post trade platform for all asset classes with Nasdaq’s real-time clearing, risk management and settlement technology, among other cooperative agreements.