Securities / Derivatives

Enforcement

Leaked Report Reveals Credit Suisse Culpability in Lescaudron Fraud

By Sanday Chongo Kabange | 09/02/2021

The case involved Patrice Lescaudron, a French banker who was jailed for defrauding clients in 2018 before committing suicide last year following his early release.

Securities / Derivatives

RBI Allows Indian Residents to Open GIFT City Accounts

By Editors | 09/02/2021

Funds deposited in GIFT City foreign currency accounts by Indian residents can only be used for investment purposes and not for spending.

Securities / Derivatives

China Set to Establish National Carbon Emissions Trading Scheme

By Editors | 08/02/2021

In the first phase, a total of 2,225 power utilities have been assigned carbon emissions limits, representing 30 percent of China’s total emissions.

Enforcement

Luckin Coffee Files for Bankruptcy to Facilitate Restructuring

By Editors | 08/02/2021

Luckin said it will continue to pay suppliers, vendors and employees while it negotiates with its stakeholders regarding a restructuring of its financial obligations.

Enforcement

Korea FSS Seeks Prosecution of Hana Financial CEO

By Editors | 08/02/2021

The regulator said it discovered illegal trading activities by CEO Lee Jin-kuk during an inspection of Hana Financial Investment last year.

Securities / Derivatives

SFC Sets Out Conduct Standards Expected in Capital Raisings

By Editors | 08/02/2021

The proposals establish the standards of conduct expected of intermediaries participating in bookbuilding, pricing, allocation and placing activities.

Enforcement

Foreign Banks Penalised in Taiwan for Facilitating FX Speculation

By Editors | 08/02/2021

Deutsche Bank is permanently banned from trading TWD deliverable and non-deliverable forwards. ING, ANZ and Citi received lesser punishments.

Fintech / Regtech

SGX, Trumid, Hillhouse to Launch Asian Bond Trading Platform

By Editors | 08/02/2021

The partnership will connect SGX’s and Trumid’s bond trading platforms to enhance liquidity and execution in the Asian bond market for global clients.

Market Infrastructure

CSRC Approves Merger of Shenzhen’s Main and SME Boards

By Editors | 07/02/2021

The move will simplify the structure of the Shenzhen bourse and help it to better meet the financing needs of enterprises at different stages of development.