Securities / Derivatives

HKEX Launches After Hours Market for Index Options

20/04/2018

HSI, HSCEI and Mini HSI will be tradeable between 5:15pm and 1:00am, with a trading halt mechanism in place to avoid extreme price movements.

Enforcement

Australia Consults on Enforcement Powers for Client Money Rules

19/04/2018

Draft law provides ASIC with wider range of tools to enforce better protections for client money held for OTC derivatives.

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.