Fintech / Regtech

Suptech Gains Momentum but Approaches Vary: FSI Paper

23/10/2019

Suptech use cases have mainly clustered around misconduct analysis, reporting and data management, according a new paper from the BIS Financial Stability Institute.

Capital / Liquidity

Recession Fears Prompt Japan to Stress Test Major Financial Firms

22/10/2019

The BOJ and FSA will jointly coordinate stress tests on Japan’s three G-SIBs and four D-SIBs to assess how capital and liquidity could be affected if stocks fell and the yen spiked.

Enforcement

FSC Korea to Raise Penalties for Illegal Short Selling

22/10/2019

On top of the higher penalties for illegal short selling, the FSC will penalise violators extra if they are found to have also engaged in unfair dealing.

Market Infrastructure

SEBI’s Final Rules for Resigning Auditors Take Effect

22/10/2019

Auditors proposing to resign must first report all of the issues that may be hindering the audit process to the audit committee of the listed company.

Market Infrastructure

MAS, CBIRC Enhance Cross-Border Supervisory Cooperation

22/10/2019

The MOU will enhance supervisory cooperation and facilitate information exchange between the two regulators in the areas of banking and insurance supervision and crisis management.

Market Infrastructure

ASIC, ESMA Sign MOU to Cooperate on Benchmarks

22/10/2019

The MoU sets out cooperation arrangements to complement the EU’s July equivalence decision, as well as to ensure effective information exchange and supervisory coordination.

Securities / Derivatives

SSE, SZSE Grant Stock Connect Access to HK Dual Class Shares

22/10/2019

The rule changes come over a year after the China and Hong Kong bourses started working towards including dual class shares in Stock Connect.

Securities / Derivatives

Korea to Lift Ban on Brokers Lending to Overseas Units

21/10/2019

Large brokerage firms will be allowed to extend loans to their overseas operations to better finance their global outreach.

Enforcement

US SEC Charges Chinese Traders in Market Manipulation Scheme

21/10/2019

The market manipulation scheme involved 18 traders primarily based in China, over 3,900 US-listed securities and over $31mn in illicit profits.