Securities / Derivatives

Industry Standards Needed for Measuring Execution Quality: FMSB

08/09/2020

Best practice principles will facilitate regulatory compliance and drive efficiencies in the measurement of execution quality, the FMSB says in a new spotlight review.

Securities / Derivatives

Korea Exchange Launches ‘New Deal’ Market Indices

08/09/2020

The new indices track Korea’s largest battery, biotech, internet and gaming stocks. KRX plans to launch ETFs based on the new indices next month.

Capital / Liquidity

FSB Defers Haircut Standards for Securities Financing Transactions

08/09/2020

The extensions will help to ease operational burdens on banks, broker-dealers and regulators, allowing them to focus on Covid-19 related priorities.

Enforcement

CBIRC Fines Four Banks and Huarong for Violations

07/09/2020

Minsheng Bank, Zheshang Bank, Guangfa Bank, Huaxia Bank and Huarong Asset Management were fined a combined 320mn yuan for various violations.

Fintech / Regtech

ASX Opens Data Science Platform to Third Party Firms

07/09/2020

ASX DataSphere allows third-party firms to experiment with ASX and non-ASX datasets spanning fixed income, interest rates, derivatives, equities, and benchmarks.

MAS to Implement CMFAS Exam Changes in Q1 2020

07/09/2020

MAS is consulting on amendments to the FAA and SFA Notices to introduce provisions on ethics and skills into the existing CMFAS rules and regulations modules.

Enforcement

SFC Seeks Damages for Tianhe Investors Over Defective Prospectus

07/09/2020

The SFC’s investigation revealed that about 53% of Tianhe’s total track record revenue disclosed in its 2014 IPO prospectus was overstated.

AML / KYC

Hong Kong Financial Firms Step Up Compliance Hiring – Report

07/09/2020

The demand for compliance staff has reportedly risen by a third in the past few months. Lawyers with sanctions expertise are in particularly high demand.

Capital / Liquidity

RBI Issues Revised Priority Sector Lending Guidelines

07/09/2020

The new guidelines will boost credit availability for startups, renewable energy, health infrastructure, small farmers, and “identified districts” with low credit flows.