Cloud & Infrastructure

BIS Innovation Hub, HKMA Announce TechChallenge Winners

02/11/2020

The winning proposals hold ‘great potential’ for addressing some long-standing pain points of the global trade finance business, said the HKMA’s Edmond Lau.

Market Abuse

KRX Probes Market Makers’ Compliance With Short Selling Rules

02/11/2020

The inspection will cover all 22 market makers, focusing on whether they conducted naked short selling and whether they violated the uptick rule.

Conduct, Culture & Accountability

CBA to Pay Penalty for Increasing Problem Gambler’s Credit Limit

01/11/2020

ASIC launched civil proceedings against CBA in March alleging that the bank failed to take account of a notification by a customer that he was a problem gambler.

Trading & Investment

TSE Invites Firms to Register for New RFQ Platform for ETFs

01/11/2020

The new platform, CONNEQTOR, will be ready for production use next month, allowing institutional investors to send RFQs to market makers.

Cloud & Infrastructure

GFIN Invites Next Batch of Firms to Participate in Cross-border Testing

01/11/2020

Regulators from Australia, Canada, Hong Kong, Singapore, Taiwan, the UK and the US are among those participating in cross-border testing.

Fraud, Scams & Cybercrime

MAS Bans Two Former Bankers for Fraud, Dishonest Conduct

01/11/2020

The former OCBC treasury advisor placed unauthorised FX trades in client accounts, while the former UOB relationship manager made unauthorised bank transfers.

Structural Regulation

US, Thailand Partner to Strengthen Infrastructure Finance

30/10/2020

The cooperative initiative will focus on the development of financial instruments, project finance, the local debt market, and capital markets.

Structural Regulation

New York to Provide Safe Harbour from LIBOR-related Litigation

30/10/2020

The legislation provides a safe harbor under New York law from litigation for the use of the recommended benchmark replacement.

Conduct, Culture & Accountability

SFC Suspends Licence of Mason Securities Representative

30/10/2020

The former licensed representative said she had forgotten to declare an external securities trading account initially, and “could not be bothered to do so subsequently”.