Markets & Infrastructure

Conduct, Culture & Accountability

Malaysia Adopts FSPB Professional Code for Finance Industry

By JP Reimann | 28/05/2018

The code aims to instil core minimum standards of conduct, enhance confidence, promote sustainability across financial sector by promoting strong culture of professionalism.

Structural Regulation

Australia Introduces Final Phase of ASIC Industry Funding Legislation

By Manesh Samtani | 28/05/2018

Final phase involves fees ASIC charges for specific activities such as licence or registration applications; industry funding model to commence 1 July 2018.

Trading & Investment

SEBI Further Eases GIFT City Market Access for Foreign Investors

By Garima Chitkara | 28/05/2018

SEBI has allowed a segregated nominee account structures for routing foreign stock trade orders at India’s IFSC, known as GIFT City.

Conduct, Culture & Accountability

Mirae Chairman Steps Back from Management Amid Antitrust Probe

By Garima Chitkara | 28/05/2018

Park Hyeon-joo will head up the group’s global investment strategy even as the firm is under investigation for unfair trading practices.

Trading & Investment

India’s BSE to Launch Corporate Debt Repos

By Garima Chitkara | 28/05/2018

BSE received approval from RBI and SEBI to trade repos on corporate debt securities, a move expected to deepen corporate debt market.

Conduct, Culture & Accountability

Australia to Adopt New Global Banking Ethics Standard

By Garima Chitkara | 28/05/2018

Financial Services Institute of Australia supporting implementation of seven key recommendations including ethical principles for professional bankers and ethics education and training programmes.

Cryptocurrency

MAS Warns Eight Crypto Exchanges, Halts ICO Issuer

By JP Reimann | 28/05/2018

Exchanges warned against facilitating trading in digital tokens which constitute securities or futures contracts without MAS authorisation; ICO representing equity ownership halted.

Market Risk

FRTB – Ending or Evolving Trading Culture

By Peter Guy | 28/05/2018

FRTB will force banks to change their operating models, bringing them out of product and trading desk silos. Bank trading culture and the trading desk concept may need to evolve to accommodate a wider picture of risk taking.

Structural Regulation

PBOC Pledges Better Information Disclosure, Transparency

By Garima Chitkara | 24/05/2018

Central bank announcement comes as it tries to make its policy making more transparent and guide market expectations.