Markets & Infrastructure

Cloud & Infrastructure

Mizuho May Seek Compensation from Hitachi for System Glitch

By Editors | 07/04/2021

The delay of 263 transactions for corporate clients was said to be caused by a malfunction in a disk storage device made by Hitachi.

Market Data & Technology

Japan to Start Publishing TORF Production Rates from 26 April

By Editors | 07/04/2021

QUICK Benchmarks, formed in January 2021, has been publishing TORF prototype rates weekly since May 2020 and daily since October 2020.

Market Abuse

Korea Set to Introduce Tougher Penalties for Illegal Short Selling

By Editors | 06/04/2021

Illegal short sellers can face fines of up to 100% of the amount of the short selling order, imprisonment for a year or more, and additional penalties up to five times unfair profits.

Conduct, Culture & Accountability

ASIC Launches Legal Action Against CBA for Overcharging Customers

By Editors | 06/04/2021

ASIC says CBA incorrectly charged monthly access fees to customers who were entitled to fee waivers between June 2010 and September 2019.

Structural Regulation

FCA to Consult on Stronger Protections for SPAC Investors

By Editors | 06/04/2021

The consultation will consider enhanced disclosure requirements, a minimum market cap and a redemption option for investors.

Clearing & Post-Trade

PBOC Optimises Interbank Bond Market Circulation Mechanism

By Editors | 06/04/2021

Bond registration, depository and clearing institutions will establish direct connections with the interbank bond market to enable electronic transmission of information.

Structural Regulation

Korea Lowers Max Lending Rate, Introduces New Rules for Lenders

By Editors | 06/04/2021

The FSC will introduce new monetary sanctions and strengthen supervision on loan agreements to prevent predatory lending.

Supervision & Enforcement

US SEC Opens Preliminary Investigation into Archegos Collapse

By Manesh Samtani | 06/04/2021

Credit Suisse expects a $4.7bn loss from the collapse of Archegos. The bank has suspended share buybacks, cut its dividend, and announced the departure of seven key executives.

Structural Regulation

Myanmar: Korean Banks Raise Vigilance After Employee Shooting

By Ranamita Chakraborty | 05/04/2021

A Shinhan Bank employee has died after being shot in the head by Myanmar’s military forces. Meanwhile, local private banks are being fined for remaining closed.