Enforcement

China Punishes 12 Banks for Illegal Bills Trading Scandal, Fraud

31/01/2018

CBRC investigation revealed RMB 7.9 billion in illegal bank bills trading; life-time ban for Postal Savings Bank branch head.

Enforcement

China Tightens Outbound Investment Rules Despite Decline in 2017

29/01/2018

Temporary rules require more detailed filings on investment plans; enforcement to focus on deals worth $300mn or more or to sensitive countries, regions and industries.

Securities / Derivatives

FIX Releases New Technical Standard on Cybersecurity

26/01/2018

The new technical standard specifies how to use TLS to secure FIX communications, expected to improve cybersecurity across the industry.

Capital / Liquidity

Vietnam Lowers Capital Adequacy Ratio as Local Banks Struggle

26/01/2018

State bank lowers CAR to 8 percent as analysts and bank executives start to worry about capital adequacy under Basel norms.

Capital / Liquidity

Taiwan Regulator Eyes Digital-Only Bank Regime

24/01/2018

Head of Financial Supervisory Commission says to produce feasibility study this year; visit South Korea and Japan to investigate internet-only banking concept.

Securities / Derivatives

SZSE Reports ‘No Major Risks’ in 2017

24/01/2018

Exchange says risk assessments found more than 100 issues of concern but no major threats; to use big data, text mining to improve risk management.

Capital / Liquidity

Single Branch of Chinese Bank Fined $72mn for Hiding Bad Loans

24/01/2018

Branch of Shanghai Pudong Development Bank admits fault for issuing more than more than $12bn to over 1,400 shell companies.

Enforcement

Singaporean Jailed for 4 Months for ‘False Trading’

24/01/2018

Mok Piak Liang convicted of manipulating share price to push up value of stock pledged to margin account and avoid having to top-up account by other means.

Enforcement

HKEX Issues Northbound Stock Connect Market Misconduct Guidelines

22/01/2018

Information pack shows only one divergence between what is considered misconduct in mainland China versus Hong Kong.