Securities / Derivatives

Thailand Futures Exchange to Accept Both Cash and Non-cash Collateral

19/04/2018

TFEX to accept government and BOT issued bonds and equities underlying stock futures initially, in a move expected to ease trading and lower costs for investors.

Enforcement

S.Korea FSS Chief Resigns Just Weeks into The Job

19/04/2018

Election watchdog finds governor Kim Ki-sik in violation of laws for overseas trips sponsored by financial institutions and political donations.

Market Infrastructure

GFMA Publishes Market Transparency Guidelines

19/04/2018

Trend towards market transparency across structurally different markets and jurisdictions highlights need for shared global principles.

Big Picture

Indonesian Banks Receive Moody’s Upgrades

18/04/2018

Last week’s sovereign rating upgrade reflects the Indonesian government’s capacity to provide support in times of stress, particularly for systemically important institutions.

Securities / Derivatives

India Raises FPI Investment Limits for Govt, Corporate Debt

17/04/2018

Investment limits raised almost 10% effective 12 April, with additional increases set for October.

Enforcement

SFC Reprimands, Fines Nomura’s Instinet $2.2mn

16/04/2018

The firm failed to put in place reasonable controls to ensure non-proprietary orders received execution priority, prevent erroneous and disorderly orders being sent to the market.

Market Infrastructure

Australia to Review Lack of Competition in Banking Sector

16/04/2018

The ACCC will examine a potential oligopolistic structure in Australia’s banking sector and review competitive practices that have allegedly led to higher barriers to entry for newcomers.

Enforcement

CBA, ANZ to Pay Compensation for Missing Financial Advice Records

16/04/2018

CBA and ANZ to pay $69mn and $36.4mn compensation, respectively, for failing to provide documentation of annual customer reviews.

Capital / Liquidity

China to Revive QDII Scheme for Outbound Investment

15/04/2018

SAFE has invited financial institutions to seek new quotas under the scheme; institutions’ total QDII quota to be capped at 8 percent of fund assets, will not be allowed to apply for fresh quotas if under 70 percent of existing allocations are used up.