Editors

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    Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com

    Articles by Editors

    Enforcement

    ICBC Graft Probe Linked to Ex-CSRC Chief Liu Shiyu – Report

    17/07/2019

    Chinese investigators are said to be targeting Liu’s affiliates for suspicious dealings involving investments in high yield wealth management products provided by ICBC Shanghai.

    Enforcement

    KRX Fines Merrill Lynch for High-Frequency Trading Activities

    17/07/2019

    KRX found that over an eight-month period, Merrill Lynch’s Seoul branch engaged in 6,220 high-frequency trades on behalf of a foreign hedge fund.

    Enforcement

    US SEC Penalises Nomura for Mis-sold Mortgage Backed Securities

    17/07/2019

    Nomura Securities International has agreed to repay approximately $25mn to affected customers and $1.5mn in SEC fines to settle the charges.

    Market Infrastructure

    Singapore Bankers ‘Flooded’ With Inquiries from Hong Kong – Reports

    16/07/2019

    Following Hong Kong’s extradition bill protests, wealth managers and private banks have seen increased queries from clients looking to set up channels to move assets to Singapore.

    Market Infrastructure

    SGX RegCo Proposes Price Limits for Auction Mechanism

    16/07/2019

    SGX already uses dynamic circuit breakers during continuous trading, but there is currently nothing similar used during the opening, mid-day and closing auctions.

    Market Infrastructure

    Japan Completes Migration to T+2 Securities Settlement Cycle

    16/07/2019

    Japan has migrated to its new T+2 securities settlement cycle, on schedule, following a final successful migration rehearsal test over the weekend.

    Enforcement

    SFC Fines Hong Kong Brokerage for Ineffective Short Selling Controls

    16/07/2019

    Glory Sun Securities has been fined HK$1.2m for failing to ensure compliance with short selling requirements. Two responsible officers and an account executive have also been suspended.

    Crypto / Digital Assets

    UPDATED – Bitpoint Japan Loses $28m in Crypto in Hot Wallet Hack

    15/07/2019

    The majority of the stolen funds belonged to clients and were held in hot wallets. Crypto exchanges in Japan are required to hold client assets offline in segregated cold wallets.

    Market Infrastructure

    MAS Raises Conduct Concerns in Financial Advisory Sector

    15/07/2019

    The MAS has commenced a review of the disciplinary frameworks at financial advisory firms, with a view to eventually sharing best practices and developing further guidance.

    Capital / Liquidity

    HKMA Asks Banks to Prepare Systems for Revised Leverage Ratio

    15/07/2019

    Both the revised leverage ratio treatment of client cleared derivatives and the revised disclosure requirements will come into effect in Hong Kong on 1 January 2022, in line with the BCBS timetable.

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