Enforcement

Interactive Brokers HK Fined for Trading System Failures

15/02/2018

The firm’s electronic trading system repeatedly submitted orders without regard for market liquidity and without effective price and volume controls.

PBOC Asks Banks to Rein in Pre-CNY Lending

14/02/2018

New loans for January totaled CNY2.9 trillion, exceeding estimates and the previous record.

Fintech / Regtech

MAS Consults on E-Payment Guidelines

14/02/2018

The guidelines set standards on financial institutions providing e-payment services and their users.

Securities / Derivatives

China Urges Major Shareholders, Mutual Funds to Buy Equities

13/02/2018

Major shareholders encouraged to buy more shares to stabilise the market and protect investors; mutual funds should avoid being net sellers.

Market Infrastructure

Industry Initiative Set to Streamline MAS 610 Compliance

12/02/2018

AxiomSL-led initative will define open taxonomy and standardise interpretations for the revised MAS 610 reporting mandate.

Securities / Derivatives

Indian Exchanges Suspend Overseas Index Trading

12/02/2018

BSE, NSE, MSEI to stop issuing market data licenses to foreign exchanges in a bid to halt migration of liquidity from India.

AML / KYC

IMF, ADB, Aus, NZ Seek Lower Cost Remittances for the Pacific

11/02/2018

Possible solutions include enhancing AML/CFT controls at banks, promoting best practices at money transfer operators, improving information sharing by supervisory authorities.

Australia to Crack Down on Tax Avoidance by Multinationals

10/02/2018

Consultations relate to implementation of multilateral which will modify existing bilateral tax treaties, closing loopholes used by multinationals to avoid taxation.

Enforcement

China ‘Techfins’ Alibaba, Tencent Fined for Forex Breaches

10/02/2018

Financial units of Alibaba and Tencent fined for offences including failure to file reports on forex payments by non-residents.