Market Abuse

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’.

Market Abuse

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.

Conduct, Culture & Accountability

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 Abuse

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.

Trading & Investment

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.

Anti-Money Laundering

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.

Credit Risk

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.

KYC & CDD

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.

KYC & CDD

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.