Securities / Derivatives

Enforcement

FSC Taiwan Probes Trading Controls at Hua Nan Securities

By Editors | 15/04/2020

Hua Nan Securities reportedly lost $158mn on derivative warrants in March as a result of poor internal controls.

Market Infrastructure

Cambodia: Securities Regulator to Undergo Digital Transformation

By Editors | 15/04/2020

The Securities and Exchange Commission of Cambodia will develop a digital reporting system and adopt technology requirements in its regulatory framework.

Securities / Derivatives

Thailand: SET Gets Powers to Respond to Market Disruptions

By Editors | 15/04/2020

In a market disruption event, the SET board now has the power to prohibit short selling and algorithmic trading on the spot, among other measures.

ESG / Sustainability

IOSCO Forms Task Force to Address Sustainable Finance Issues

By Editors | 15/04/2020

The Task Force will work on sustainability and ESG disclosure challenges for investors, including to enhance transparency and address investor protection issues.

Securities / Derivatives

China’s Top Two Brokerage Firms Explore Merger – Report

By Editors | 14/04/2020

A merger between Citic Securities and CSC Financial would create a $67bn investment bank, surpassing the market cao of most other foreign competitors.

Market Infrastructure

China Opens Treasury Bond Futures Market to ICBC, BOC, BoCom

By Editors | 13/04/2020

Participation by the three banks in the treasury bond futures market will improve liquidity, enhance price discovery, and create a more meaningful yield curve.

Big Picture

Short Selling May Help Mitigate the Effects of Covid-19 Crisis

By Editors | 13/04/2020

ISLA’s Council for Sustainable Finance says short selling can be a “positive mechanism”, and banning it can harm price discovery and liquidity.

Securities / Derivatives

SC Malaysia Asks Fund Managers to Ramp Up Liquidity Stress Testing

By Editors | 12/04/2020

Stress testing should be conducted more regularly to assess the impact on fund liquidity and redemptions, and to pre-empt liquidity shortages before they occur.

Fintech / Regtech

FSC Korea Moves to Support Corporate, Fintech Funding Needs

By Editors | 10/04/2020

Korea’s bond market stabilisation fund has begun operating. Additional support will come through a new bond underwriting programme, P-CBOs, and direct investment into fintechs.