Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Securities / Derivatives
SSE, SZSE Set to Allow Trading in HK-Listed Dual Class Shares
05/08/2019
The Shanghai and Shenzhen stock exchanges are consulting on rule changes that will allow Chinese investors to trade Hong Kong-listed dual-class shares via Stock Connect.
Enforcement
Australia: NAB, EY Under Fire Following Whistleblower Leak
05/08/2019
A whistleblower has leaked internal NAB documents to highlight the bank’s lax approach to risk management, customer remediation, and conflicts of interest with its auditor.
Market Infrastructure
SEBI Seeks Uniform Penalties Framework for Margin Reporting Failures
03/08/2019
Fines charged to members for misreporting or non-reporting of margins collected from clients may extend to 100% of the incorrectly or nonreported amount.
Big Picture
Singapore: Two-Thirds of Consumers Willing to Try Digital Banks
03/08/2019
A JD Power survey has found that 65% of Singapore customers are interested in opening digital bank accounts. The survey ranked HSBC first, OCBC second and DBS third in customer satisfaction.
Big Picture
Global Crypto Trading Should be Guided by IOSCO Principles: WFE
03/08/2019
“Innovation which has the potential to present systemic risk or is allowed to operate in an unchecked or unregulated manner is detrimental to financial markets and investor interests.”
Enforcement
Japan Post to Check 30mn Contracts in Insurance Mis-selling Probe
02/08/2019
Up to 183,000 Japan Post customers have been affected by unlawful insurance sales practices over the past five years, double the amount initially found.
Market Infrastructure
IOSCO Urges Market Participants to Move to RFRs ‘Now’
02/08/2019
IOSCO says early transition to risk free rates will help to mitigate potential financial stability and conduct risks associated with the transition away from LIBOR.
Enforcement
Compensation for Poor Advice Reaches A$120m: ASIC
02/08/2019
NAB paid the most to compensate customers for failures by the largest number of advisers, and is expected to take the longest to complete its remediation programme.
Fintech / Regtech
TSE Seeks ‘Data Sandbox’ Partners to Support Innovation
02/08/2019
The Tokyo Stock Exchange is looking to startups, data providers and so-called ‘innovation partners’ to help create new services for the securities sector.
Enforcement
Thailand SEC to Incorporate AI in Price Manipulation Probes
02/08/2019
Existing investigation and fact-finding procedures currently take 1.5 years before civil sanctions or penalties are imposed.
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