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Securities / Derivatives
ISDA Urges EU Not to Force Local Clearing Post Brexit
By Editors | 23/08/2017
Trade organisation says move to local CCPs could push up initial margin costs by 20% or more; cites Australian equivalency model.
Enforcement
Indian Brokers’ AML Compliance Under Heightened Scrutiny
By Editors | 20/08/2017
SEBI warned nearly 500 entities on possible money laundering over the last financial year; conducted 245 investigations into illegal stock market activity.
Securities / Derivatives
Taiwan Allows Robo-advisory for Mutual Funds
By Garima Chitkara | 14/08/2017
Investment advisors can use robo-advisory technology to execute transactions and rebalance portfolios for clients as long as preset investment scale and return standards are maintained.
Market Infrastructure
Japanese Brokerages Testing AI Systems to Detect Market Manipulation
By Garima Chitkara | 14/08/2017
SBI and Rakuten expect artificial intelligence software to be operational for detecting market manipulation within this year.
Securities / Derivatives
Malaysia Comes Out Against MYR Trading on SGX and ICE
By Garima Chitkara | 10/08/2017
Recent introduction of MYR futures in offshore exchanges a contravention to its foreign exchange management policy and rules.
Securities / Derivatives
APRA CPS 226 to Include Framework for Substituted Compliance
By Garima Chitkara | 10/08/2017
Update allows for determining the status of a foreign counterparty and use its status under the margin requirements of the relevant foreign jurisdiction.
Fintech / Regtech
SEBI to Study Fintech Potential for Securities Markets
By Garima Chitkara | 07/08/2017
Committee will help the regulator evolve the regulatory framework in response to the development of new technology pertinent to the securities markets.
Securities / Derivatives
Japan Halves Setup Time for Foreign Fund Entry
By Garima Chitkara | 07/08/2017
UK asset management firm Legal & General Group became the first foreign firm to make use of Japan’s financial market entry consultation desk.
Securities / Derivatives
China Cracks Down on Investment Funds for IPO Rules Violation
By Garima Chitkara | 07/08/2017
China has blacklisted nine funds connected to HSBC for alleged “misbehaviour” in the financial markets, specifically pertaining to IPO’s.
Securities / Derivatives
SFC Flags Irregularities in Private Funds and Discretionary Accounts
By Garima Chitkara | 03/08/2017
Hong Kong securities regulator expresses concerns on the management of private funds and discretionary accounts.
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