Securities / Derivatives

ASX Consults on Changes to Listing Rules

29/11/2018

The proposals aim to improve market disclosures, simplify the listing rules, increase efficiency in the listing process, and enhance ASX’s powers to monitor and enforce compliance, among other changes.

AML / KYC

South Korean Banks Vulnerable to Money Laundering Risks: FSC

29/11/2018

Banks are most exposed to money laundering risks due to the innate characteristics of their products and services, according to an FSC review of the domestic financial industry.

Enforcement

S. Korea Fines Goldman $6.7m for Naked Short Selling

29/11/2018

The FSC found that  Goldman Sachs conducted naked short selling worth about KRW 40 billion in late May. Naked short selling is prohibited in South Korea.

Capital / Liquidity

S. Korean Financial Holding Companies Opposed to Bail-in Regime

28/11/2018

The financial holding companies say that a bail-in regime could lead to lower credit ratings and higher bank funding costs, based on an implied reduction in government support during a crisis.

Market Infrastructure

SEBI Issues Guidelines on Clearing Corporation Interoperability

28/11/2018

India’s clearing corporations will have to enter into agreements establishing links between each other, as well as links to each trading venue, to operationalise the framework by June 2019.

Capital / Liquidity

APRA Extends Timeline for Capital Reforms to Align with Basel III

27/11/2018

APRA will align capital reforms with Basel III timelines, effectively pushing implementation to 1 January 2022. It has also adjusted the leverage ratio in response to consultative feedback.

Market Infrastructure

HKIFA Seeks Loosening of HK-China MRF Restrictions

27/11/2018

The industry association has been working with EY on proposals aimed at making it easier to distribute Hong Kong-based funds into China through the mutual recognition scheme.

Securities / Derivatives

India’s Large Corporates Mandated to Issue Bonds for Financing

27/11/2018

SEBI’s new framework requires large corporates to raise at least 25% of their financing through debt securities issuances, to reduce reliance on bank funding and boost the bond market.

Enforcement

Tokyo Bourse to Probe Nissan over Former Chairman’s Alleged Misconduct

27/11/2018

The Tokyo Stock Exchange will examine Nissan’s internal controls and consider punitive penalties including possible delisting, amid allegations of financial misconduct by its former chairman.