Securities / Derivatives

Taiwan to Launch Exchange Traded Notes in Q2 2019

17/09/2018

Brokers issuing ETNs must have a net worth exceeding $325mn and a capital adequacy ratio of at least 250%.

Market Infrastructure

NEX Launches OTC Derivatives Reporting Solution in Australia

17/09/2018

The solution ensures data integrity and quality before delivery to CME Group or DTCC Asia licensed trade repositories.

Securities / Derivatives

KRX Tightens Per-Order Limit for Stock Trades

14/09/2018

Investors will be allowed to buy a maximum of 1% of a company’s total shares starting 17 September, a rule aimed at preventing error trades.

Market Infrastructure

ACCC Consults on Open Banking Data Rights Rules

13/09/2018

Consumer data rights framework to be initially applied under the open banking regime, with the big four banks set to make data available by 1 July 2019.

AML / KYC

Hong Kong FIs Share Foreign Tax Resident Data with IRD – Report

12/09/2018

Over 1,700 financial institutions have shared customer account balances and income details with the tax authority, as required by AEOI.

Enforcement

Australian Banks Face ‘Largest Ever’ Class Action

12/09/2018

A series of class actions for millions of super fund customers could cost Australian financial institutions up to A$1bn.

Enforcement

RBI Fines Three State Banks for Fraud Reporting Failures

10/09/2018

Union Bank of India, Bank of India and Bank of Maharashtra are each fined 10 million rupees.

Capital / Liquidity

China Scraps Ceiling on Banks Investing in Local Govt Bonds

06/09/2018

A 20% ceiling was introduced in 2012 to prevent banks from buying up bonds issued by their own underwriting departments; banks can now buy any portion of a bond sale that is not fully subscribed.

Securities / Derivatives

Taiwan to Introduce Continuous Trading for Equities in 2020

06/09/2018

Continuous trading will enable real-time trading by matching orders immediately; existing call auction mechanism collects orders over five seconds before matching occurs.