Securities / Derivatives

Australia Introduces Funds Passport Legislation

29/03/2018

Implementation of Asia Region Funds Passport to be complemented by a new corporate structure vehicle to export to investors in Asia.

Fintech / Regtech

Indian Exchange Eyes Machine Learning, AI to Combat HFT Risks – Report

28/03/2018

Managing director and CEO of National Stock Exchange tells Livemint new technology is needed to meet traders’ increasing sophistication.

Enforcement

Australian Bank Conduct Code to be Compulsory

28/03/2018

Code being considered by ASIC will be binding, with self-regulatory body given power to investigate misdemeanours and issue sanctions.

Enforcement

IPO Sponsors Still Deficient, says SFC

27/03/2018

Thematic review details deficiencies in standards of conduct, due diligence practices and internal systems and controls.

Capital / Liquidity

Vietnam Establishes Early Intervention Mechanism for Ailing Banks

26/03/2018

New mechanism provides guidelines for SBV directors to take action as a credit institution profile weakens to contain risk.

Enforcement

SSE Re-stocks Disciplinary Arsenal

26/03/2018

New documents give Shanghai exchange greater powers over trading members and investors.

Fintech / Regtech

Taiwan Drafts Rules for Internet Only Banks

25/03/2018

FSC may authorise Japan’s Line Corp and Rakuten to operate as full-service banks in Taiwan.

Enforcement

UPDATED – Indian Banks Fall Victim to $342mn in Loan Frauds

23/03/2018

Jewellery chain falsified financial records to obtain 8.24 billion rupees in loans from 14 banks over 10 years; infrastructure firm defrauds 9-bank consortium of 13.94 billion rupees.

Enforcement

SFC Fines UBS Securities for Missing Client Consent Records

23/03/2018

The firm was only able to provide the regulator about half of the client consents for facilitation trades.