Securities / Derivatives

Market Infrastructure

CPMI-IOSCO Describes Work Needed to Improve CCP Auctions

By Editors | 27/06/2020

CPMI and IOSCO have asked CCPs to address a number of issues related to default management auctions within 24 months.

Enforcement

CSRC Imposes Record Penalty in Insider Trading Case

By Editors | 26/06/2020

A Shanghai entrepreneur and his daughter were penalised a total 3.6bn yuan, representing a record fine and confiscation of illegal gains.

Fintech / Regtech

IOSCO Drafts Guidance on Supervising AI/ML in Financial Markets

By Editors | 25/06/2020

IOSCO proposes six measures to assist members in creating appropriate regulatory frameworks to supervise market intermediaries and asset managers that use AI and ML.

ESG / Sustainability

MAS Consults on Environmental Risk Management Guidelines for FIs

By Manesh Samtani | 25/06/2020

The guidelines set out MAS’ supervisory expectations for banks, insurers and asset managers in their governance, risk management, and disclosure of environmental risk.

Enforcement

S. Korean Prosecutors Raid Fund Operator on Fraud Allegations

By Editors | 25/06/2020

Accused of fabricating depository statements, Optimus Asset Management has suspended withdrawals from six feeder funds since last week, locking up 90bn won in investor money.

Fintech / Regtech

FMSB Issues Statement of Good Practice on Algo Trading

By Editors | 25/06/2020

The FICC Markets Standards Board sets out 10 Good Practice Statements for market participants and venue operators engaged in algorithmic trading in a new transparency draft.

Securities / Derivatives

HKMA, SFC Publish Final List of FSPs Under Clearing Obligation

By Editors | 25/06/2020

The HKMA and SFC will remove one entity that no longer conducts OTC derivatives business as its institutional services are now being provided by BofA Securities Inc, a new FSP.

Securities / Derivatives

APRA Seeks Additional Data from Superannuation Licensees

By Editors | 25/06/2020

Superannuation licensees will have to report monthly and quarterly data covering areas such as complaints, insurance claims, operational resilience, FX exposure, and liquidity.

Securities / Derivatives

BSE India Launches World’s First Almond Futures

By Editors | 24/06/2020

The new contract will enable transparent price discovery, ease trade for buyers and sellers, and allow producers and importers to hedge price risk.