Market Infrastructure

FSB Examines Effects of Post-Crisis Reforms on SME Financing

11/06/2019

SME lending growth has resumed in recent years, and access to external finance for SMEs appears to have improved, particularly in advanced economies.

Enforcement

S. Korea: Nine Securities Firms, KSD Face Disciplinary Action

11/06/2019

The Korea Securities Depository and nine brokerages are facing penalties for inadequate internal controls over their offshore equities trading

Enforcement

UPDATED – Citigroup Japan Fined, Ordered to Improve Internal Controls

10/06/2019

Having failed to detect after hours spoofing by a London trader, Citigroup Global Markets Japan has been fined, ordered to improve its controls, and suspended from participating in JGB auctions.

Enforcement

Switzerland Fines Five Global Banks Involved in FX Trading Cartel

10/06/2019

Adding to the European Commission’s $1.2bn fine last month, Citigroup, Barclays, RBS, JP Morgan and MUFG have been fined $91mn by the Swiss Competition Commission.

Securities / Derivatives

RBI to Roll Out Retail FX Trading Platform in August

10/06/2019

The new trading platform is expected to improve pricing by unifying the existing fragmented market structure.

Capital / Liquidity

RBA Says Banks Can Hold More Govt Securities to Meet LCR

10/06/2019

Banks can increase the proportion of government securities they hold to meet prudential liquidity requirements.

Enforcement

ICBC Shanghai Boss Under Corruption Probe

08/06/2019

The statement from the Chinese Communist Party’s anti-corruption body did not provide details the alleged misconduct.

Big Picture

IOSCO Publishes Recommendations on Sustainable Finance

08/06/2019

The report identifies the prerequisites for creating an ecosystem that facilitates sustainable finance, and sets out 10 recommendations for growth and emerging markets.

Capital / Liquidity

SEBI Mulls Liquidity Buffer Requirement for Funds

08/06/2019

The proposal could require all liquid funds to invest a fixed portion of their assets in government securities or other sovereign debt.