Securities / Derivatives

Capital / Liquidity

Hong Kong SFC to Update Financial Resources Rules

By Garima Chitkara | 22/10/2018

The updates to the FRR include changes on the treatment of foreign currencies, haircuts for some securities and refinements on securities transaction receivables.

Market Infrastructure

HKEX Launches Commodity Exchange in Shenzhen

By Editors | 22/10/2018

The Qianhai Mercantile Exchange, controlled by HKEX, unexpectedly began spot trading in alumina on Friday, according to a Reuters report.

Market Infrastructure

HSBC Mulls Shanghai Listing through Stock Connect

By Garima Chitkara | 19/10/2018

HSBC could become the first foreign firm to list on the Shanghai Stock Exchange through a new Stock Connect link with London, slated to go live at the end of the year.

Capital / Liquidity

Basel Invites Feedback On Leverage Ratio Reform

By Garima Chitkara | 19/10/2018

The Basel Committee is inviting feedback on the approach to reforming the leverage ratio as it applies to client cleared derivatives.

Securities / Derivatives

Chi-X Australia, Deutsche Announce New TraCR Issuances

By Editors | 19/10/2018

Microsoft, JP Morgan, Disney and Facebook will join Apple in becoming Transferable Custody Receipts listed on Chi-X Australia, with more issuances to follow.

Securities / Derivatives

Japanese Brokers to Seek TSE Compensation for Trading Glitch

By Manesh Samtani | 19/10/2018

Up to 40 brokerages face billions of yen in potential losses on over 100,000 retroactive trades they are duty-bound to make after trading was halted last week due to a connection failure.

Securities / Derivatives

PBOC Launches Tri-party Repos in Interbank Bond Market

By Editors | 18/10/2018

Tri-party repos allow investors to entrust an agent to handle collateral, reducing settlement failure while ensuring effective coverage of risk exposure.

Securities / Derivatives

FSS Unveils Measures to Boost Internal Controls, Compliance Staff at FIs

By Editors | 18/10/2018

The measures, though not yet finalised, follow recent concerns about stock trading systems at financial institutions in South Korea.

Big Picture

ISDA Publishes Updated Template for Close-Out Netting Legislation

By Manesh Samtani | 17/10/2018

Jurisdictions are increasingly seeking guidance on implementing legislation to ensure the enforceability of close-out netting, the “single most important risk mitigation tool in derivatives markets”.