Enforcement

Former CSRC Vice Chairman Jailed for 18 Years

01/10/2018

Yao Gang was sentenced for taking 70 million yuan in bribes from 2006 to 2015 and for pocketing 2.1 million yuan in insider trading gains.

Capital / Liquidity

RBI Tweaks Norms to Ease Bank Liquidity Crunch

28/09/2018

The central bank has increased the amount of government securities banks can put towards meeting LCR requirements.

Fintech / Regtech

Thailand’s Kasikornbank Joins Visa in Blockchain Payments Pilot

27/09/2018

Visa B2B Connect uses blockchain tech to enable faster, simpler and more secure processing of payments between participating banks on behalf of corporate clients.

Market Infrastructure

ASX Announces JP Morgan Launch of Agency Clearing Service

27/09/2018

Australian-domiciled clients will be able to keep AUD and NZD cleared derivatives within a single clearing house and legal construct, while leveraging local ASX infrastructure.

Capital / Liquidity

China Seeks to Boost Interbank Bond Issuances by Foreign Institutions

27/09/2018

PBOC and MOF have issued guidelines clarifying the requirements for foreign governments and institutions issuing interbank bonds in China.

AML / KYC

SEBI Relaxes KYC Norms for Indian Beneficial Owners of FPIs

26/09/2018

The latest circular allows Indians living overseas to hold only a non-controlling stake in an FPI entity, but permits them to fully control the investment manager in charge of its assets.

Enforcement

CFTC Imposes Fine on Mizuho Bank in Spoofing Case

25/09/2018

A trader placed multiple large orders on CME and CBOT futures contracts from Mizuho’s Singapore office with no intention of executing them.

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.