Enforcement

Japan Post Bank Misplaces Customer Transaction Data

25/05/2021

The missing records include information such as clients’ names and bank account numbers, which are supposed to be retained for 10 years.

Securities / Derivatives

China Releases Supplementary Rules for Carbon Rights Trading

24/05/2021

The rules detail the role of the registration authority, allowing it to intervene if carbon prices see abnormal fluctuations or excessive volatility.

Securities / Derivatives

ESMA Recommends Lower Short Position Reporting Threshold

24/05/2021

ESMA says a “substantial amount” of essential information became available to NCAs after the notification threshold was lowered to 0.1% last year.

Enforcement

Nomura, UBS, UniCredit Fined for Participating in Trading Cartel

24/05/2021

During Europe’s sovereign debt crisis, the banks shared information about their EGB bidding and trading strategies in Bloomberg terminal chat rooms.

Securities / Derivatives

Korea Brokers Join Emissions Trading Scheme as Market Makers

24/05/2021

Participation by the brokerage firms as market makers will help reduce bid-ask spreads and keep Korea’s emissions trading market liquid.

Market Infrastructure

CME Group to be Recommended as SOFR Term Rate Administrator

24/05/2021

A recommended SOFR term rate is now in clear sight, said Tom Wipf, ARRC Chairman and Vice Chairman of Institutional Securities at Morgan Stanley.

Enforcement

S. Korea Revises Law to Strengthen Market Integrity

24/05/2021

The revisions will ease approval processes for financial investment businesses, including foreign firms, while also increasing penalties for stock manipulation.

Securities / Derivatives

SGX RegCo Extends Suspension of Issuer Watch-List

24/05/2021

The extension is to enable issuers to focus on Covid-19 related business and economic challenges and on dealing with any resultant liquidity crunch.

Enforcement

CBIRC Penalises Five Banks for Regulatory Violations

23/05/2021

Huaxia Bank, China Bohai Bank, Bank of China, China Merchants Bank and Bank of East Asia’s China branch were fined a total $56.9mn.