Securities / Derivatives

Enforcement

HK Regulators Warn on Conflicts of Interest in Product Sales

By Editors | 27/11/2017

HKMA, SFC say some intermediaries aren’t revealing related counterparties, not executing at best price, hide cheaper products.

AML / KYC

Singapore, Abu Dhabi to Cooperate on Banking Supervision, Markets, Fintech

By Editors | 27/11/2017

Middle Eastern regulator has already approved one Singapore firm to provide credit services; Singapore firm won Fintech challenge.

Securities / Derivatives

Japanese Banks Call for Simplified UPI Rules

By Editors | 20/11/2017

Bankers Association says its members already provide legal identifiers under local regulation and the rules of countries in which they operate.

Capital / Liquidity

Europe Tightens Rules on Overseas Credit Rating Endorsements

By Editors | 20/11/2017

Regulator says about two thirds of credit ratings used for regulatory purposes in the EU cover non-EU issuers of financial instruments.

Enforcement

Ex CITIC Securities President Jailed 3.5 Years for Corruption

By Editors | 16/11/2017

Caixin reports that Cheng Boming was among 11 CITIC executives detained for alleged insider trading and leaking information during 2015 market meltdown.

Crypto / Digital Assets

India’s Highest Court Considering Petition Calling for Bitcoin Regulation

By Garima Chitkara | 16/11/2017

Petitioner says central bank, securities regulator refusing to take responsibility for bitcoin regulation by not defining as currency or commodity

Market Infrastructure

China to Allow More Foreign Investment in Banks, Majority Stakes in Brokerages

By Editors | 13/11/2017

Move follows introduction earlier this year of licensing system for foreign asset managers to set up private funds in China.

Enforcement

Australian Banks’ Rate Rigging Settlement Confirmed

By Editors | 13/11/2017

ANZ and NAB will pay a total of $76mn for attempting to manipulate Bank Bill Swap Rate; Westpac Banking still fighting claims.

Securities / Derivatives

China Internet Finance Association Warns on Illegal Leveraged Trading

By Editors | 13/11/2017

Trade body says no online forex, precious metal, futures or index-based leveraged trading has yet been approved by national regulators.