Trading & Investment

ISDA Concludes Consultation on EUR LIBOR, EURIBOR Fallbacks

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’.

Market Risk

SEBI Amends Margin Framework for Cash, Derivatives Segments

25/02/2020

Margin requirements will be lower for positions that are hedged against each other, making some options strategies more feasible for traders.

Clearing & Post-Trade

HKEX Finds Compliance Deficiencies at Exchange, Clearing Participants

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.

Climate Risk

APRA to Develop Climate Risk Guidance, Assess ADI Vulnerability

25/02/2020

APRA will develop guidance on climate change financial risk, conduct a vulnerability assessment of ADIs, and include ESG in superannuation investment governance guidance.

Conduct, Culture & Accountability

Hong Kong Insurance Authority Allows Non-face-to-face Product Sales

25/02/2020

The temporary measures are aimed at reducing the risk of Covid-19 infection from face-to-face meetings between insurers, intermediaries and clients.

Credit Risk

PBOC Expands Special Re-lending Programme to Help More Businesses

25/02/2020

The PBOC has instructed six state-owned banks to provide low-interest loans to a broader pool of companies than originally specified under a special re-lending programme earlier this month.

Capital Adequacy

FSC Korea to Tighten Financial Conglomerate Supervision from May

25/02/2020

The FSC is revising its guidelines on the supervision of financial conglomerates to enhance capital adequacy assessments, disclosure rules, and internal controls requirements.

Structural Regulation

SFC Highlights Key Regulatory Initiatives in Quarterly Report

25/02/2020

Among the initiatives were the launch of the new OFC regime for private fund managers, a regulatory framework for virtual assets, and enhancements to the investor compensation regime.

Clearing & Post-Trade

ASX Consults on Tranche 2 Rule Changes for CHESS Replacement

24/02/2020

ASX is consulting on operating rules relating to corporate actions, mFund and RTGS payment aspects for ‘Day 1’ implementation of CHESS Replacement system functionality.