IOSCO Seeks Stakeholder View on Five-Year Plan

30/05/2014

The International Organization of Securities Commission is developing a five-year strategic plan ending 2020 and seeks stakeholders’ views on shaping the future objectives and strategies of the commission.

S. Korea Regulator Charges US Traders over Illegal Algorithmic Trading

30/05/2014

The South Korean financial regulator has filed criminal charges against a U.S.-based trading company and four of its dealers for making illegal gains through price rigging.

Australian Regulator Urges Funds to Review Class Order Compliance

30/05/2014

Australian Securities and Investments Commission (ASIC) is encouraging providers of investor directed portfolio services or so-called platforms to review ongoing compliance with class orders.

IMF Finds Hong Kong’s Financial System Resilient, Well-Regulated

28/05/2014

The International Monetary Fund (IMF) in its comprehensive assessment of Hong Kong’s financial system found that the city’s banking system is very well regulated and resilient.

Securities / Derivatives

Indonesia’s Regulator Urges Banks to Lend to Environment-Friendly Firms

28/05/2014

All financial service institutions supervised under the Financial Services Authority are urged to give out loans to companies that comply with environment-friendly practices.

China to Revitalize SMEs Amid Economic Slowdown

28/05/2014

China plans to revitalize the country’s small and medium-sized enterprises (SMEs) through tax cuts, access to loans other financial incentives in a bid to boost overall economic growth.

India’s SEBI Probing Mutual Fund Houses for Regulatory Breach

27/05/2014

Market regulator Securities and Exchange Board of India has found large-scale violations in several schemes of select mutual fund houses where norms regarding minimum 20 investors and maximum 25% single investor exposure have been breached repeatedly.

Securities / Derivatives

Malaysia, S. Korea Launch Currency Swap Facility

27/05/2014

Bank Negara of Malaysia and the Bank of Korea have launched a currency swap facility worth up to RM5 billion, or five trillion won, to facilitate trade settlements between companies in Malaysia and South Korea.

Financial Regulators’ Expenditures Rise as Market Surveillance Deepens

27/05/2014

Financial services regulators in major markets including Hong Kong have increased their expenditure over the last seven years by nearly 60% amid growing pressure on regulatory agencies to deepen scrutiny of the financial services industry following the 2008 crisis.