Securities / Derivatives

Market Infrastructure

BOJ Expands Coronavirus Lending Programme to Over $1tr

By Editors | 16/06/2020

BOJ governor Haruhiko Kuroda indicated that the total size of the programme could rise further, particularly if a second wave of Covid-19 infections emerges.

Securities / Derivatives

US Federal Reserve Launches Bond-Buying Programme

By Manesh Samtani | 16/06/2020

A step not taken during the 2008 GFC, the Fed has started to buy corporate bonds in the secondary market, in a bid to support market liquidity and ensure credit availability.

Securities / Derivatives

ASIC Directs Investment Funds to Correct False Advertising

By Editors | 16/06/2020

Investment funds were falsely being promoted as having little or no risk of capital loss, where higher returns were highlighted without adequate disclosures of risk.

Securities / Derivatives

MUFG Bank Secures China Interbank Bond Market Licence

By Editors | 16/06/2020

MUFG Bank’s wholly-owned China subsidiary has become the first Japanese bank – and the eight foreign bank overall – to win a Bond Settlement Agent licence.

Securities / Derivatives

CSRC to Ease Rules for Major Shareholders of Securities Firms

By Editors | 16/06/2020

The profitability, net assets and experience requirements will be relaxed for major shareholders of securities companies.

Market Infrastructure

Best Practice for Tackling Shareholder Disclosure Rules

By Daniel Flatt | 16/06/2020

As regulators seek ways to protect domestic assets during this economic downturn, experts from Deloitte, BlackRock and AxiomSL outlined common-sense advice on how to handle rapid regulatory change.

Enforcement

ASIC Imposes Licence Conditions on Societe Generale Securities

By Editors | 16/06/2020

Societe Generale Securities Australia self-reported to ASIC that it deposited client money into unauthorised bank accounts.

Market Infrastructure

HKEX’s OTC Clear Introduces Client Clearing Services

By Editors | 15/06/2020

Market participants who are not themselves clearing members of OTC Clear can gain access to the benefits of central clearing through existing clearing members.

Securities / Derivatives

HKMA to Select Managers for New Growth Portfolio by H2 – Report

By Editors | 15/06/2020

The sovereign growth portfolio will invest in Hong Kong-specific projects, aimed at lifting the city’s competitiveness in financial services, commerce, aviation, logistics and innovation.