Enforcement

US SEC Charges Five Asian Traders for Market Manipulation

21/06/2019

The SEC has charged three Malaysians, one Singaporean and one Chinese national with violating antifraud and market manipulation provisions.

Securities / Derivatives

SEBI Tightens Rules on Handling of Client Securities

21/06/2019

SEBI has issued new rules governing the management and disposal of client securities held by trading and clearing members.

Fintech / Regtech

Cambodia Selects Three Banks to Pilot QR Code System

21/06/2019

The QR code system developed by Siam Commercial Bank will enable cross border payments between Cambodia and Thailand using local currencies.

Securities / Derivatives

Malaysia to Loosen Regulatory Reins in Capital Markets

21/06/2019

As market discipline strengthens, the Securities Commission and Bursa Malaysia will “proportionately scale down the intensity of regulatory discipline”.

Fintech / Regtech

Korea FSS to Use Artificial Intelligence for PE Fund Screening

20/06/2019

The proposed AI system will be used to analyse the terms and conditions of new private equity fund contracts to increase screening speed and efficiency.

Big Picture

Non Bank Payment Providers Raise Compliance Costs: LexisNexis

20/06/2019

High labour costs in the AML function are partly driven by the growth of non-bank payment providers, which increase complexity and reduce transparency in the transaction chain.

Enforcement

SFC Fines Credit Suisse $2.8m over Research Reports

20/06/2019

Credit Suisse has been fined $2.8m for failing to disclose investment banking relationships and market making activities in research reports on Hong Kong-listed securities.

Securities / Derivatives

Vietnam Government Bond Futures Set for 4 July Launch

20/06/2019

Government bond futures will be the second derivatives market product launched by the Hanoi Stock Exchange since it started index futures in August 2017.

Market Infrastructure

FSC, FSS Agree to Audit KRX, Disagree on Scope

20/06/2019

The FSS and FSC have agreed to conduct an audit of KRX by year end, though they disagree on its possible scope and comprehensiveness.