Market Infrastructure

Hong Kong, Singapore Cooperate on Personal Data Protection

12/06/2019

Hong Kong and Singapore’s data protection authorities have signed an MOU to strengthen cooperation on personal data protection.

UPDATED – FSC Korea to Tighten Scrutiny of Financial Conglomerates

12/06/2019

FSC chairman Choi Jong-ku is concerned with excessive intra-affiliate transactions among non-financial affiliates and opaque capital injections at Korea’s family-run business conglomerates.

Enforcement

UPDATED – Merrill Lynch in KRX Crosshairs for High-Frequency Trading

12/06/2019

KRX probe to determine if Citadel’s HFT algorithm breached fair trade rules; Merrill Lynch reprimand to be decided following alleged market disruption.

Enforcement

China Corruption Watchdog Appoints New Boss for ICBC Shanghai

12/06/2019

The appointment took employees by surprise on Friday as it was announced by an anti-corruption body official installed at ICBC rather than by the bank’s own chief.

Market Infrastructure

Australia: Think Tank Calls for Reduced Regulatory Red Tape

12/06/2019

Between five Australian regulatory agencies, over 75,000 pages of regulatory materials have been published, compared to only 9500 pages of enabling legislation.

Securities / Derivatives

Thailand to Allow Temporary Trading in Suspended Stocks

12/06/2019

For a one-month period in July, temporary trading will be allowed for SET listed securities that have been suspended for three months consecutively.

Market Infrastructure

ISDA Chief Urges Accounting Bodies to Prioritise Benchmark Reform

12/06/2019

ISDA chief Scott O’Malia says market participants need clarity from the IASB and FASB on the accounting implications of a switch from IBORs to RFRs.

Enforcement

SEBI Proposes Informant Mechanism to Combat Insider Trading

11/06/2019

SEBI wants to institute a process that incentivises timely reporting of instances of insider trading and provides for the granting of rewards to whistleblowers.

Capital / Liquidity

PBOC to Guarantee Bank of Jinzhou’s CD Issuance

11/06/2019

The PBOC introduced the credit risk mitigation tool last year to support bond issuances by private firms. Bank of Jinzhou will be the first to issue interbank CDs under the initiative.