Trading & Investment

NZX Has Enhanced its Surveillance Function, says FMA

30/06/2019

The NZX improved its market surveillance function in response to last year’s FMA review. It is also planning to complete a trading system upgrade next year, using NASDAQ technology.

Supervision & Enforcement

National Auditor Finds Lending Violations at Chinese Banks

28/06/2019

Lenders were found to be favouring borrowers with deposits at their banks, linking loans to the sale of other products, and illegally charging financing fees.

Trading & Investment

RBI Issues Consolidated Directions for Interest Rate Derivatives

28/06/2019

Under the new directions, stock exchanges and OTC market-makers have been given the flexibility to design and structure IRD products tailored to the needs of market participants.

Structural Regulation

JBA Responds to Hong Kong OTC Derivatives Consultation

28/06/2019

The Japanese Bankers Association asks the HKMA and SFC to develop rules that automatically assign the UTI generation responsibility, rather than rely on bilateral agreement between counterparties.

Structural Regulation

S. Korea to Ease Rules for Brokerage, Asset Management Sectors

28/06/2019

The FSC is trying to spur competition in the capital market, and encourage the establishment of new brokerages. Only six new brokerages have been set up in Korea since 2010.

Trading & Investment

China-Japan Cross-Border ETFs Start Trading

28/06/2019

Eight new cross-border ETFs have started trading on the Shanghai and Tokyo stock exchanges, just days after FTSE Russell started including China A shares in its indexes.

Capital Adequacy

BCBS Finalises Revisions to Leverage Ratio, Disclosure Requirements

28/06/2019

The leverage ratio revision permits cash and non-cash forms of margin received from clients to offset the replacement cost and potential future exposure for client cleared derivatives.

PEPs & Sanctions

MUFG Bank Reaches Settlement with New York State Regulator

28/06/2019

The agreement settles claims relating to MUFG’s switch from state to federal oversight in November 2017, as New York regulators asserted continuing regulatory authority.

Capital Adequacy

FSC Announces S. Korea’s D-SIBs for 2020

28/06/2019

The five bank holding companies and their subsidiary banks will be required to set aside additional common equity capital of 1% for 2020.