Markets & Infrastructure

Trading & Investment

Taiwan to Launch Intraday Odd-lot Trading in H2 2020

By Editors | 26/07/2019

Currently, odd-lot trading is only permitted after-hours. Allowing intraday odd-lots trades is expected to boost retail stock market participation and increase daily turnover.

Structural Regulation

Hong Kong Names Eddie Yue as New HKMA Chief

By Manesh Samtani | 26/07/2019

Yue is the “person best suited for this position”, said Hong Kong’s Financial Secretary Paul Chan announcing the appointment on Thursday.

Structural Regulation

CBIRC Issues New Rules to Raise Transparency on Bank Ownership

By Editors | 26/07/2019

By end-June 2020, all banks must provide the complete and accurate register of their shareholders to custodian institutions who will manage the register moving forward.

Conduct, Culture & Accountability

ASIC Takes ANZ Bank to Court for Unlawful Fees

By Editors | 26/07/2019

ANZ charged fees on transactions between its customers’ own accounts, despite the fees only being applicable to transactions made to “another person or business”.

Clearing & Post-Trade

NSE Clearing Retains Dominance as Interoperability Kicks In – Report

By Editors | 25/07/2019

Trading members and custodians have largely selected NSE Clearing over ICCL to settle trades in the equity cash segment following the introduction of clearing corporation interoperability.

Trading & Investment

China Hands IPO Bans to 139 Funds on STAR Market Violations

By Editors | 25/07/2019

The funds were handed bans of 6 and 12 months for making IPO applications for shares on Shanghai’s new tech board that exceeded the size of their investments.

Structural Regulation

First Non-Financial Firm Approved to Raise Stake in Korean Digital Bank

By Editors | 25/07/2019

According to the FSC, messenger app operator Kakao has met the qualification criteria for owning a 34% stake in Kakao Bank, one of Korea’s two internet-only banks.

Conduct, Culture & Accountability

New Zealand FMA Sets Out Key Focus Areas, Strategic Objectives

By Editors | 24/07/2019

The FMA is prioritising governance, culture, systems and controls, as well as mechanisms to deter misconduct and facilitate informed decision-making by investors and customers.

Conduct, Culture & Accountability

APRA Proposes New Prudential Standard on Executive Pay

By Editors | 24/07/2019

Key proposals include limits on the financial performance component of variable compensation, a 7-year deferral period for executive bonuses, and claw back for up to 4 years.