Securities / Derivatives

Enforcement

S. Korea Regulator Probes Goldman Sachs for Short-Selling Settlement Failures

By JP Reimann | 11/06/2018

Goldman Sachs Seoul branch unable to buy back stock which it had sold short, indicating borrowed stocks were not in its possession at the time of short selling.

Securities / Derivatives

SEBI Unveils New Requirements for Funds to Boost Retail Investment

By Garima Chitkara | 07/06/2018

India’s markets regulators has slashed total expenses by 15 basis points to encourage more retail investors to buy mutual funds; also requiring increased disclosures on fund expenses.

Securities / Derivatives

Singapore to Introduce New Corporate Structure For Funds

By Garima Chitkara | 07/06/2018

S-VACC, Singapore’s new investment firm structure, will come into effect by next year and will help boost synergies between firm management and domiciliation, according to MAS managing director.

Market Infrastructure

ISDA Seeks Feedback on Common Domain Model for Derivatives

By JP Reimann | 07/06/2018

First digital version of the ISDA CDM covers interest rate and credit derivatives products; aims for efficiency, interoperability, reduced complexity in derivatives market.

Crypto / Digital Assets

Indonesia Recognises Cryptocurrencies As Commodities

By Garima Chitkara | 07/06/2018

Commodities regulator reportedly introducing futures trading in crypto even as Indonesia’s financial services regulator continues to bar financial firms from trading in any crypto-based instruments.

Securities / Derivatives

Taiwan to Launch Crude Oil Futures in July

By Manesh Samtani | 05/06/2018

Taiwan Futures Exchange chairman says crude oil futures will allow domestic investors to trade without adverse currency fluctuations; also exploring the application of fintech and other technologies for clearing services.

Enforcement

Citi, Deutsche, ANZ Face Criminal Cartel Charges in Australia

By Garima Chitkara | 04/06/2018

Citigroup, Deutsche Bank and ANZ are facing criminal charges in Australia after an investigation revealed cartel behaviour in the trading of ANZ stock.

Securities / Derivatives

China Tightens Rules on Money Market Funds

By JP Reimann | 04/06/2018

New rules cap individual redemptions from money market funds at ¥10,000; payment companies banned from advancing cash to realise same-day redemptions.

Market Infrastructure

NSE-SGX Dispute Runs Afoul of MSCI

By Garima Chitkara | 31/05/2018

MSCI considering placing India on notice due to “burdensome” SEBI registration process and stock exchange action that could restrict global availability of investment instruments.