Market Abuse

SEBI Seeks Broader Powers to Pursue Securities Law Violations

25/03/2019

SEBI wants to be able to inspect the books of listed companies when it suspects any securities law violations, and to impose penalties for the manipulation of a company’s accounts.

Trading & Investment

S. Korea to Reduce Securities Transaction Tax This Year

25/03/2019

The stock trading tax will be cut on the KOSDAQ, KOSPI and KONEX. Capital gains taxes on stock transactions to also be changed.

Trading & Investment

S. Korea to Make Loan Approvals More Startup Friendly

25/03/2019

The FSC will overhaul the corporate loan approval system used at banks to broaden the scope of assets start-ups can pledge to secure financing.

Climate Risk

FIs Should Consider Climate in Risk Management Frameworks – APRA

25/03/2019

Australia’s banking regulator will enhance its scrutiny on how banks, insurers and super funds are mitigating climate-related risks to their businesses.

Structural Regulation

JPX-TOCOM Merger Agreement Expected by End-March

22/03/2019

JPX and TOCOM plan to merge this year to create an all-in-one bourse that handles both stocks and commodity futures, but challenges will remain even after a final agreement is reached.

Market Abuse

S. Korea FSS’ Integrity Questioned in Local Report

22/03/2019

As discussions progress on granting the FSS greater investigative powers, a local media report raised questions on the regulator’s integrity, citing its 2018 requests that fines against its staff be dismissed.

Market Abuse

Singapore Court Issues First Jail Sentence for 2013 Penny Stock Crash

22/03/2019

Former Ipco International interim CEO Goh Hin Calm was sentenced to three years imprisonment for his role in the 2013 multi-billion-dollar penny stock crash.

Trading & Investment

UK FCA Fines UBS for MiFID Transaction Reporting Failures

22/03/2019

Over 9.5 years, UBS AG made 135.8 million errors in its transaction reporting, over a third of which involved erroneously reported transactions which were not in fact reportable.

Market Data & Technology

ISDA Publishes Full Version of Derivatives Lifecycle Blueprint

22/03/2019

The ISDA Common Domain Model for interest rate and credit derivatives has been published, part of a push to standardise global derivatives trading and automate market practices.