Enforcement

S. Korea Probes JPMorgan, Citibank in Unresolved Rate Rigging Cases

06/11/2018

JPMorgan and Citibank are still being investigated in an ongoing price manipulation probe by the Fair Trade Commission and FSS which dates back to 2011, reports local media.

Crypto / Digital Assets

Malaysia Budget 2019 Targets Tech in Capital Market Measures

05/11/2018

Measures include new regulatory framework for cryptocurrencies, and a new fund to be invested via ECF and P2P platforms alongside private investors, among others.

Capital / Liquidity

China’s Listed Companies Receive Support from Brokers

05/11/2018

Eleven brokerages have contributed $3.7bn to help listed companies facing liquidity issues, while a new programme is launched to support corporate bond issuances.

Capital / Liquidity

Financial Stability Risks Remain Under Control – PBOC

05/11/2018

PBOC Financial Stability Report says new rules will be unveiled in the first half of 2019 aimed at boosting regulatory oversight over financial holding groups.

Capital / Liquidity

RBI Permits Banks to Provide Credit Enhancements to NBFC Bonds

05/11/2018

Banks can act as partial credit guarantors on bonds issued by NBFCs and HFCs to refinance existing debt, enhancing their credit ratings and making them more attractive to investors.

Market Infrastructure

SEBI to Introduce UPI Payment Option for Retail IPO Investors

02/11/2018

Enabling the UPI for retail investors subscribing to public share issues through intermediaries will cut IPOs listing times from six to three days, according to local media reports.

AML / KYC

FATF Issues Guidance on Securities Sector Risk-based Approach

02/11/2018

The guidance supports the design and implementation of the risk-based approach for securities products and services, which can create opportunities for criminals to launder proceeds of crime.

Enforcement

New Financial Complaints Body Launches in Australia

02/11/2018

AFCA will influence reform in financial services by raising standards and improving internal practices to reduce and resolve disputes, said the body’s independent chair Helen Coonan.

Market Infrastructure

AIMA Publishes FMCC Implementation Guide

01/11/2018

AIMA, Clifford Chance and Herbert Smith Freehills designed the guide to help Hong Kong asset managers better understand the expectations placed upon them and their constituents.