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.

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.