Markets & Infrastructure

Market Abuse

ASIC Offers Immunity to Market Misconduct Whistleblowers

By Editors | 25/02/2021

Under ASIC’s new immunity policy, individuals who have engaged with others to commit market misconduct offences can seek immunity by reporting the misconduct.

Fraud, Scams & Cybercrime

FSS Korea Orders Woori, IBK to Compensate Lime Investors

By Editors | 25/02/2021

The FSS will encourage banks and securities firms that sold frozen Lime funds to voluntarily settle disputes with other investors based rates set at the ruling.

Trading & Investment

Hong Kong to Increase Stamp Duty on Stock Transactions

By Manesh Samtani | 24/02/2021

The decision is estimated to raise trading costs by 6-15 percent, depressing trading volumes and squeezing HKEX’s earnings per share by 3-7 percent.

Structural Regulation

Australia On Track for Smooth IBOR Transition: S&P Global

By Manesh Samtani | 24/02/2021

Like other jurisdictions, AONIA does not yet have an established term market, however banks and corporates can reference the three-month BBSW where a term rate is needed.

Operational Risk

CBIRC Issues New Guidelines on Reputational Risk Management

By Editors | 24/02/2021

The guidelines set out four principles for all CBIRC-regulated financial institutions to incorporate in their reputation risk management systems.

Clearing & Post-Trade

DTCC Suggests Move to T+1 Settlement in US Markets

By Manesh Samtani | 24/02/2021

Reducing the settlement cycle to T+1 could reduce the NSCC’s value-at-risk clearing fund charge by 30-40 percent for sample portfolios, DTCC said.

Conduct, Culture & Accountability

2021 Will Demand a Different Culture of Compliance

By Quincy Tse | 24/02/2021

Quincy Tse discusses how firms can cultivate and promote a culture of compliance even as remote work arrangements continue to be commonplace.

Structural Regulation

Schroders Wealth Management JV Wins CBIRC Approval

By Editors | 24/02/2021

The joint venture with BOCOM will become the third wealth management JV with foreign majority owners to receive regulatory authorisation in China.

Structural Regulation

Bursa Malaysia to Allow Lower Public Shareholding Spreads

By Editors | 23/02/2021

The exchange will consider applications from issuers to have public shareholding spreads of between 15% and 20%, compared to current requirements for 25%.