Market Infrastructure

NZX Signs MoU with Shanghai Stock Exchange

04/10/2018

The NZX board is making a conscious effort to move away from a domestic focused strategy and to develop global links, said its chairman James Miller in a letter to shareholders.

Fintech / Regtech

Smart Contracts Can Improve Derivatives Market Efficiency – ISDA

04/10/2018

A new white paper by ISDA and King & Wood Mallesons proposes a practical framework for constructing smart derivatives contracts.

Market Infrastructure

ACCC Opens Inquiry into High Markup Currency Conversion Services

03/10/2018

The inquiry will examine why major companies in Australia, including the big four banks, seem to be able to consistently charge high prices, said ACCC chair Rod Sims.

Enforcement

RBI Restricts Bandhan Bank Expansion Plans, Freezes CEO’s Pay

02/10/2018

Bandhan Bank is barred from opening new branches without special permission until it can reduce its key shareholder’s stake to under 20 percent as required by RBI licensing guidelines.

Securities / Derivatives

BSE India Commences Commodity Derivatives Trading

02/10/2018

The BSE has become the first stock exchange in India to offer commodity trading as it launches futures contracts in gold and silver.

Securities / Derivatives

HK Bourse Proposes to Suspend Firms with Disclaimer, Adverse Audit Opinions

02/10/2018

A trading suspension would be imposed if a listed company’s auditor has issued a disclaimer or adverse opinion on the company’s financial statements.

AML / KYC

Japan FSA Prioritises AML Measures Ahead of FATF Peer Review

01/10/2018

The FSA will conduct on-site inspections at financial institutions over the next 12 months, hoping to clean up its image with the FATF before it hosts the G20 summit next year.

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.