Securities / Derivatives

SFC Imposes Lifetime Ban on Former BoCom Banker

24/09/2019

The ban follows an August 2018 conviction, where the former banker was found guilty of soliciting illegal commission payments from a client for stock trading profits.

Fintech / Regtech

RBI Orders Banks, NBFCs to Restrict Access to Credit Data

24/09/2019

Financial institutions in India are known to be giving fintech firms and institutional agents direct access to data from credit bureaus, without customer consent.

Securities / Derivatives

Philippine Insurers Permitted to Borrow, Lend Securities

24/09/2019

The move is aimed at helping the insurance industry to broaden their investment options, diversify their portfolios, and more actively participate in capital market development.

Market Infrastructure

Vietnam to Consolidate Exchanges Under Single Entity

23/09/2019

Under the new structure, HOSE will focus on operating the stock market and the HNX will focus on derivatives and bond markets.

Securities / Derivatives

Japan to Tighten Approval Threshold for Foreign Investment

23/09/2019

The stricter rules could create a significant new hurdle to investment in Japan, with foreign fund managers reportedly describing their effect as “chilling”.

Capital / Liquidity

Chinese Banks Rush to Issue Perpetual Bonds – Report

23/09/2019

Nine of China’s banks have issued perpetual bonds worth about 410 billion yuan so far, and another eight are preparing to raise another 400 billion yuan.

Market Infrastructure

ISDA Issues Guidance on Executing Trades on Recognised Venues

23/09/2019

The guides describe how cross-border trading will work following the CFTC-MAS, CFTC-FSA and EC-MAS agreements on mutual recognition of derivatives trading venues.

Enforcement

UPDATED – Woori, KEB Hana Likely to Compensate Investors in Risky Products

23/09/2019

The FSS is outlining compensation guidelines and initiating dispute mediation proceedings for investors who lost money in derivative-linked funds.

Enforcement

ClearView Completes Advice Remediation Programme

20/09/2019

Financial compensation totalling A$730,000 was offered to 215 clients who were harmed by poor advice, while another 21 clients received non-financial remediation.