Enforcement

HSBC, Australian Trader Involved in Spate of US ‘Spoofing’ Cases

31/01/2018

HSBC’s US securities operations agree to pay $1.8bn after CFTC allegations it was involved in ‘numerous acts of spoofing’.

Enforcement

China Regulator Sees Spike in Market Manipulation

29/01/2018

CSRC representative says recent days have seen ‘unusual trading’ in some market segments and individual stocks.

AML / KYC

SFC Identifies Product Selling Compliance Failures 

28/01/2018

Licensed corporations should ensure client suitability when recommending fixed-income and structured products, particularly for complex and risky products.

Market Infrastructure

South Korea to Introduce AI Market Monitor

26/01/2018

Korea Exchange says it will introduce AI system in July; could later expand to cover its secondary market, KOSDAQ.

Market Infrastructure

HKEX Says to Improve Risk Management in 2018

26/01/2018

Charles Li says HKEX to expand Shenzhen and Shanghai Stock Connect to include ETFs, but proposed Hong Kong-London equivalent on the backburner.

AML / KYC

Real Estate and Trade Finance – The New AML Battlegrounds

25/01/2018

After years of scrutiny of banking relationships, regulators are now turning their attention to other stores of value, according to Accuity CEO Hugh Jones.

Capital / Liquidity

IMF, World Bank Issue Reports on India Financial Supervision, Market Infrastructure

24/01/2018

Reports praise progress but suggest more can be done on governance at public sector banks, market infrastructure risk management, among other issues.

AML / KYC

Chinese Banks Told to Develop e-KYC, Facial Recognition

22/01/2018

PBOC notice says e-KYC can help better serve real economy; SME account applications should be audited within two days of receipt.

AML / KYC

MAS to End Pre-Approval Requirement for Non-Face-to-Face KYC

17/01/2018

Regulator says money changers, remittance firms don’t need pre-approval for video-onboarding and other tech, but must have non-face-to-face procedures audited.