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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.
Enforcement
Singapore Authorities Probe Crowdfunding Platform for Misconduct
By Editors | 02/02/2021
The probe is looking into possible offences under the Penal Code and the Securities and Futures Act by group companies belonging to CoAssets Ltd.
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