LATEST NEWS

    Capital / Liquidity

    China Allows Insurance Companies to Issue Perpetual Bonds

    By Editors | 15/08/2022

    From 9 September, insurers can issue perpetual bonds to boost their capital levels, the PBOC and CBIRC said in a new notice.

    ESG / Sustainability

    Central Banks Urged to Lead on Green Collateral

    By ESG Investor | 15/08/2022

    A new paper says central banks should adopt an ‘environmental footprint’ approach to greening their collateral frameworks.

    Securities / Derivatives

    RBI Allows Standalone Primary Dealers to Expand Services

    By Editors | 15/08/2022

    Stand-alone primary dealers can offer FX market-making facilities and undertake foreign currency OIS transactions directly with non-residents.

    Enforcement

    Two JPM Traders Convicted on Spoofing Charges

    By Editors | 15/08/2022

    The two former traders were convicted of attempted price manipulation, spoofing, commodities fraud, and wire fraud following a three-week jury trial.

    Market Infrastructure

    Industry Calls for Reforms to EU Benchmarks Regulation

    By Manesh Samtani | 15/08/2022

    Many non-EU benchmarks won’t qualify under BMR in time for 31 December 2023, disproportionately impacting Asia exposures.

    Market Infrastructure

    SFC, CSRC Agree to Align Trading Calendars for Stock Connect

    By Sanday Chongo Kabange | 15/08/2022

    Northbound and southbound Stock Connect trading will be possible on all trading days when both the Hong Kong and Mainland China markets are open.

    Market Infrastructure

    Malaysia Reassures Public After Data Breach at Payments Firm

    By Editors | 15/08/2022

    The iPay88 breach will be raised in a Cabinet meeting to discuss a proposal to establish a Royal Commission of Inquiry to investigate the incident.

    Securities / Derivatives

    Five Chinese Heavyweights to Delist from US Exchanges

    By Editors | 15/08/2022

    The companies cited the small trading volume of their shares in New York, without mentioning any ongoing disputes between US and Chinese authorities.

    Crypto / Digital Assets

    Philippines: BSP to Suspend VASP Licensing for Three Years

    By Editors | 15/08/2022

    Starting from 1 September, new VASP licence applications will only be entertained if they come from existing BSP-supervised financial institutions.

    AML / KYC

    INTERPOL Launches Global Money Mule Awareness Campaign

    By Editors | 15/08/2022

    The Japan-funded global campaign will run for two weeks until 26 August 2022 on social media, with support from 34 countries worldwide.

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