Market Abuse

Market Abuse

South Korea to Introduce AI Market Monitor

By Samuel Riding | 26/01/2018

Korea Exchange says it will introduce AI system in July; could later expand to cover its secondary market, KOSDAQ.

Market Abuse

Singaporean Jailed for 4 Months for ‘False Trading’

By Editors | 24/01/2018

Mok Piak Liang convicted of manipulating share price to push up value of stock pledged to margin account and avoid having to top-up account by other means.

Market Abuse

HKEX Issues Northbound Stock Connect Market Misconduct Guidelines

By Editors | 22/01/2018

Information pack shows only one divergence between what is considered misconduct in mainland China versus Hong Kong.

Supervision & Enforcement

Hong Kong SFC Looks to Optimise Enforcement Action

By Editors | 18/01/2018

New guidance removes threat of criminal prosecution in cases of “non-serious” regulatory breaches and cooperation ‘above and beyond’ regulatory obligations.

Market Abuse

The Return of ‘Super Alpha’ and Regulatory Arbitrage

By Peter Guy | 15/01/2018

The return of SAC Capital’s founder with a new venture reveals the complicated ethics of a post financial crisis world.

Market Abuse

2017 a Punishing Year for Naughty Traders in China

By Editors | 18/12/2017

China securities regulator has issued 206 administrative penalties in 2017, more than $1bn in fines; increasing cooperation with HK SFC.

Structural Regulation

Singapore Releases SIBOR Benchmark Reform Proposals

By Garima Chitkara | 07/12/2017

Consultation is based on IOSCO principles, FSB recommendations, comes four years after 20 banks disciplined for benchmark manipulation.

Anti-Bribery & Corruption

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.

Market Abuse

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.