United States

Structural Regulation

China Appoints Veteran Banker to Head Securities Regulator

By Editors | 28/01/2019

In an unexpected reshuffle, ICBC chairman Yi Huiman has replaced Liu Shiyu as head of the China Securities Regulatory Commission.

Structural Regulation

ICE White Paper Introduces New LIBOR Alternative

By Editors | 28/01/2019

The ‘US Dollar ICE Bank Yield Index’ is fully transaction-based and designed to measure the yields at which investors are willing to invest US dollar funds on a wholesale, unsecured basis.

Clearing & Post-Trade

ISDA Lays Out CCP Best Practices Following Nasdaq Default

By Garima Chitkara | 25/01/2019

Clearinghouses should consider multiple risk factors in determining exposure and put more of its own capital on the line to manage defaults before dipping into the member default fund.

Trading & Investment

China Approves Plan for New ‘Nasdaq-Style’ Tech Board in Shanghai

By Editors | 25/01/2019

Authorities have reportedly already approached potential IPO candidates for the SSE’s new science and technology board. Draft listing rules are expected as early as this month.

Trading & Investment

Singapore, Philippine Bourses Collaborate on Equity Derivatives

By Editors | 15/01/2019

The SGX and PSE are working on developing new equity index derivatives for listing in the Philippines to offer a more diverse product line to international investors.

Anti-Money Laundering

Philippine Court Rules in First Conviction in Bangladesh Bank Heist Case

By Garima Chitkara | 11/01/2019

Former RCBC bank manager Maia Santos-Deguito faces 49 years imprisonment and fines of up to $110mn for her role in the February 2016 theft of $81mn from Bangladesh’s central bank.

Tokenisation

Philippines SEC Extends Consultation on ICO Rules

By Editors | 31/12/2018

The second round of public consultation is open until 15 January, after stakeholders asked for more time to study the draft rules.

Clearing & Post-Trade

KRX May Face CFTC Penalty for Violating CCP Rules – Report

By Editors | 21/12/2018

Korean media reports indicate the CFTC may take action against KRX as early as this month in response to its failures to comply with regulations for CCPs.

Clearing & Post-Trade

European Commission Unveils No-Deal Brexit Contingency Plan

By Manesh Samtani | 21/12/2018

The 14-point plan includes conditional equivalence for UK CCPs and CSDs as well as delegated regulations to facilitate the novation of OTC derivatives contracts.