Enforcement

Former Indonesian Bank Bailout Chief Jailed in Corruption Case

25/09/2018

The former head of an agency credited with leading Indonesia out of the 1998 financial crisis reportedly caused state losses of over $300mn.

Securities / Derivatives

SGX Proposes New “Trade at Close” Session for Securities Market

24/09/2018

New five-minute trading session will allow participants to execute fixed-price orders at the closing auction price; consultation open until 11 October.

Securities / Derivatives

India’s NSE Signs MoU with London Stock Exchange

23/09/2018

The agreement seeks to create a dual listing mechanism for masala and foreign-currency bonds issued by Indian companies.

Fintech / Regtech

Singapore, China Achieve ‘New Milestones in Financial Cooperation’

21/09/2018

Collaboration to focus on strengthening supervision, enhancing connectivity, cooperating on fintech and supporting the Belt and Road initiative.

Enforcement

OSE, TSE Discipline MUFG Brokerage Unit for JGB Futures Manipulation

21/09/2018

Latest disciplinary action follows a FSA fine earlier this year, after a dealer manipulated the JGB futures market using the firm’s proprietary trading account.

Securities / Derivatives

KRX Obtains SEC Class Relief on Index, Stock Options

20/09/2018

Korea Exchange members can now directly market options on local indexes and 31 individual stocks to US institutional investors.

Securities / Derivatives

Malaysia Expands Retail Access to Fixed Income Market

20/09/2018

Securities Commission has liberalised its framework for retail investment in bond and sukuk products, effective from 11 October.

Securities / Derivatives

IOSCO Publishes Guidance Addressing Equity Raising Conflicts of Interest

19/09/2018

The guidance comprises eight measures to address conflicts of interest and sets standards of conduct for market intermediaries in the equity capital raising process.

Enforcement

SFC Fines Huatai Financial for Naked Short Selling

19/09/2018

Huatai Financial’s unintentional short sale of Great Wall Motor bonus shares in 2015 was as a result of inadequate systems and internal controls.