Enforcement

Citigroup Faces $1.2m Fine in Japan over Alleged JGB Manipulation

27/03/2019

Citigroup’s London office allegedly placed large orders in the 10-year JGB futures market outside of Japanese trading hours that were not executed, but may have mislead investors.

Market Infrastructure

APRA Proposes Updated Guidance on Information Security

27/03/2019

APRA is seeking feedback on updated guidance which will help the industry embed the new prudential standard on information security in July.

Market Infrastructure

CFTC Expands Margin Comparability Determination for Japan

27/03/2019

The amended determination for Japan finds comparability regarding the scope of entities subject to the margin requirements, and the treatment of margining for inter-affiliate transactions.

ESG / Sustainability

SFC’s Alder Speaks on “Greening the Financial System’

27/03/2019

The financial sector will have a critical role to play in channelling investment towards sustainable projects on a global scale, said SFC chief Ashley Alder at the Bloomberg BuySide Summit.

Securities / Derivatives

Taiwan Launches Simulator for New Continuous Trading System

27/03/2019

The simulation platform will operate off-market hours and allow investors to familiarise themselves with the new system, which is set to be launched in March 2020.

Securities / Derivatives

Bangladesh Looks to Boost Capital Markets with Derivatives, Sukuk Trading

26/03/2019

Bangladesh’s securities regulator is reportedly formulating new rules to facilitate trading of derivatives and sukuk, while it also considers changes to enhance private placement regulations.

Market Infrastructure

Leading Dealers Adopt DTCC-Euroclear Collateral Management Utility

26/03/2019

The Margin Transit Utility provides straight-through-processing and centralised communications and settlement instructions for collateral transfer.

Capital / Liquidity

New Internet-Only Banks in S. Korea to Get Grace on Basel Rules

26/03/2019

The FSC wants to grant new internet-only banks three years’ grace on Basel III requirements to ease the regulatory burden during the early stages of their business operation.

Fintech / Regtech

Singapore, Australia Fintech Bodies Agree to Collaborate

26/03/2019

FinTech Australia and the Singapore Fintech Association have agreed to collaborate on fintech initiatives across ASEAN and Australia. The MoU was signed at Money20/20 in Singapore last week.