Structural Regulation

Credit Rating Agencies Face India Scrutiny

30/05/2016

Securities regulator could ask for periodic review of ratings criteria.

Trading & Investment

Bangladesh Issues Draft ETF Guidelines

28/05/2016

Funds initially to be offered by private placement with minimum USD6.4mn AUM.

Capital Adequacy

CFTC Cracks Down on Swaps Offshoring

27/05/2016

Trades by US banks’ foreign units must adhere to US collateral requirements.

Market Abuse

Citibank, Japan Affiliates Fined for Benchmark Manipulation

27/05/2016

Total fine for actions in US, Japan amounts to USD425mn and covers 2007 and 2012.

Payments & Settlements

Australia to Limit Payment System Surcharges

27/05/2016

Surcharges exceeding merchant costs to be barred on some payment systems.

Trading & Investment

China to Open up Commodity Futures Market

27/05/2016

Foreign investors will be able to deal in crude oil, iron ore and rubber contracts

Anti-Money Laundering

Asia Next Up for US Tax Crackdown

27/05/2016

Banks with links to avoidance should start submitting to scrutiny now, according to Withers.

Trading & Investment

SEBI to Increase Broker Monitoring, Issue HFT Regulations

27/05/2016

Regulator sets out priorities for 2016/17 including de-listing of 4,200 firms.

Clearing & Post-Trade

CME Granted Singapore Clearing House Status

26/05/2016

Status allows CME Clearing to sign up direct members to exchange-traded and OTC contracts.