Securities / Derivatives

Enforcement

US Jury Finds Ex-Goldman Sachs VP Guilty of Insider Trading

By Mark Johnston | 21/06/2023

Brijesh Goel tipped his friend about six potential mergers that Goldman Sachs was considering funding.

Enforcement

Korea FTC Investigates Securities Firms for Price Fixing

By Sanday Chongo Kabange | 21/06/2023

The FTC sent investigators to the offices of Samsung Securities, Meritz Securities, Kiwoom Securities and KB Securities and seized documents.

Securities / Derivatives

SEBI Mandates Simplified Stock Market Access for Clients

By Mark Johnston | 21/06/2023

Brokers are mandated to offer clients access to all active stock exchanges they are registered with by default.

Securities / Derivatives

SEBI Directs Online Bond Platforms to Stop Offering Prohibited Products

By Ranamita Chakraborty | 21/06/2023

SEBI has observed that some online bond platform providers are offering clients access to unlisted bonds and other unregulated products.

Fintech / Regtech

SFC Grants Securities Licence to Virtual Bank for the First Time

By Editors | 21/06/2023

With the new licence, Mox Bank will start piloting Hong Kong and US equity trading services in the HKMA sandbox “soon”.

Capital / Liquidity

Initial Margin Breaches Surged in March at JSCC JGB Division

By Editors | 20/06/2023

The JSCC reportedly attributed the rise in breaches to interest rate volatility triggered by banking turmoil in the US in March.

Capital / Liquidity

BOE to Include Hedge Funds, Pension Funds in Scenario Exercises

By Editors | 20/06/2023

The system-wide exploratory scenario will encompasses hedge funds and pension funds alongside large banks, insurers, and CCPs for the first time.

Securities / Derivatives

Malaysia Announces Measures to Boost Capital Market Vibrancy

By Editors | 20/06/2023

The stamp duty rate payable on stock trades is being reduced by a third to lower the cost of transactions, especially for retail investors.

AML / KYC

SEBI Amends AML Guidelines for Securities Market Intermediaries

By Editors | 20/06/2023

The guidelines tighten the definition of beneficial ownership and require risk assessments before launching new products and services.