Markets & Infrastructure

Trading & Investment

S. Korea FSC Chair Proposes Abolishing Securities Transaction Tax

By Editors | 08/11/2018

The KOSPI has fallen nearly 20% from this year’s peak, prompting FSC chairman Choi Jong-ku to propose that lawmakers abolish the securities transaction tax.

Clearing & Post-Trade

DTCC Enters Test Phase on DLT Project for Credit Derivatives

By Manesh Samtani | 08/11/2018

The initiative to re-platform DTCC’s Trade Information Warehouse will “revolutionise the derivative industry’s credit market infrastructure”, says DTCC’s Chris Childs.

Trading & Investment

CSRC Addresses Lengthy Stock Suspensions in New Guidance

By Editors | 07/11/2018

China’s listed companies have historically used trading halts to prevent stock price declines during market stress, preventing investors from selling for long periods of time.

Trading & Investment

S. Korea to Improve Access to Capital Market Financing

By Mark Pufpaff | 06/11/2018

Once the improvement measures are enacted, innovation will be accelerated as the fundraising environment for small enterprises will improve, said FSC chairman Choi Jong-ku.

Cryptocurrency

Crypto Players Welcome Hong Kong Regulation

By Garima Chitkara | 06/11/2018

New regulation could lead to industry consolidation and greater institutional money, said panellists at ASIFMA’s annual conference in Singapore.

Structural Regulation

Shanghai Stock Exchange to Launch New Technology Board

By Manesh Samtani | 06/11/2018

Announced by President Xi Jinping, the new science and technology board will subject innovative enterprises to different profitability and ownership requirements.

Conduct, Culture & Accountability

NZ Banking Conduct, Culture Review Finds ‘Significant Weaknesses’

By Manesh Samtani | 05/11/2018

But conduct and culture issues do not appear to be widespread at banks in New Zealand, the FMA and RBNZ said, citing only ‘a small number of issues’ related to poor conduct by bank staff.

Cryptocurrency

Malaysia Budget 2019 Targets Tech in Capital Market Measures

By Editors | 05/11/2018

Measures include new regulatory framework for cryptocurrencies, and a new fund to be invested via ECF and P2P platforms alongside private investors, among others.

Supervision & Enforcement

APRA Gets A$60mn in New Funding, Byres 5-Year Reappointment

By Manesh Samtani | 05/11/2018

Following Royal Commission findings that APRA never took a financial institution to court, the agency said it needed more funding to take a more aggressive enforcement approach.