SECURITIES / DERIVATIVES

Enforcement

Korea FSS to Punish Top Woori, Shinhan Executives – Report

By Editors | 04/02/2021

Woori Financial Group’s chairman may be suspended from his duties, while the Shinhan Bank’s chief executive may receive a reprimand warning.

Fintech / Regtech

SBI, Sumitomo Mitsui to Launch Digital Stock Exchange in Osaka

By Ranamita Chakraborty | 04/02/2021

The Osaka Digital Exchange, expected to launch in 2022, will provide an alternative to the TSE and strengthen Osaka’s proposition as a financial hub.

Enforcement

Taiwan to Impose Tighter FX Rules to Curb Currency Speculation

By Ranamita Chakraborty | 04/02/2021

The move follows a probe into dubious currency practices at eight major grain merchants in Asia, facilitated by six foreign banks.

Securities / Derivatives

Asian Regulators Issue Warnings as GameStop Remains in Focus

By Manesh Samtani | 04/02/2021

Authorities in Hong Kong, Singapore, Korea and Malaysia are among those issuing warnings of possible investor losses as heightened volatility continues.

Capital / Liquidity

Korea Raises Capital Requirements at Private Equity Funds

By Editors | 04/02/2021

The minimum required capital will be raised from 100mn to 300mn won. Private equity funds with high leverage will need 500mn won.

Securities / Derivatives

FSC Korea to Allow Partial Resumption of Short-selling in May

By Manesh Samtani | 03/02/2021

By May, new rules will be in place to guard against illegal short selling, prevent abuse by market makers, and increase retail investor access to short-selling opportunities.

Enforcement

CFTC Files Suit Against Nomura Trader for Manipulative Trading

By Editors | 03/02/2021

The former trader manipulated the price of 10-year swap spreads to reflect lower pricing of bonds and a related swap, at the expense of the issuer.

Securities / Derivatives

Korea Likely to Extend Short-selling Ban Amid Political Pressure

By Ranamita Chakraborty | 02/02/2021

The FSC has previously said it would lift the short-selling ban in March, but it is now increasingly likely the ban will be extended another three months.

Big Picture

Industry Taskforce Publishes Blueprint for Creating Carbon Market

By Editors | 02/02/2021

The blueprint comprises 20 tangible actions to deliver a large-scale, voluntary carbon market and a roadmap for implementation.