Markets & Infrastructure

Anti-Bribery & Corruption

S. Korea FSS Chief Resigns Amid Hiring Scandal Allegations

By Editors | 13/03/2018

Choe Heung-sik denies allegations he helped a friend’s son get a job while he was president of Hana Financial Group; resigns anyway.

Supervision & Enforcement

UPDATED – SFC Hits UBS with Fine, IPO Underwriting Suspension

By Manesh Samtani | 12/03/2018

The bank was fined $15.2mn and intends to appeal its 18-month suspension from IPO underwriting; possible disciplinary action on eight other firms.

Conduct, Culture & Accountability

Malaysia Reveals Bank Employee Screening Policy

By Samuel Riding | 12/03/2018

Financial institutions will be required to forward references, hiring companies must check Financial Markets Association records.

Structural Regulation

China Issues Consultation on Foreign Control of Securities Firms

By Samuel Riding | 12/03/2018

Foreign financial institutions would be able to own 51% of a mainland securities firm, with all ownership restrictions to be removed in three years’ time.

Trading & Investment

Who’s Picking up the MiFID II Bill?

By Peter Guy | 12/03/2018

MiFID II’s rollout into the middle of a market reversal and complaints about asset manager fees couldn’t have come at a worse time.

Structural Regulation

South Korea’s FSC Proposes Fintech Link with Indonesia

By Editors | 10/03/2018

Choi Jong-koo also lobbies to allow Korean firms to expand their business remits in the Southeast Asian country.

Trading & Investment

Vietnam Announces Risk Hedging Rules for Warrant Issuers

By Editors | 09/03/2018

Hi Chi Minh Stock Exchange to launch covered warrants in late March; issuers required to hold adequate underlying securities and submit daily reports to the exchange.

Capital Adequacy

US Fed Eyes Eased Regulation for Foreign Banks

By Samuel Riding | 09/03/2018

Vice chairman says to allow more foreign banks to set up more than one holding company, which each regulated separately according to different risk profiles.

Trading & Investment

IOSCO Consults on Volatility Control Mechanisms

By Manesh Samtani | 09/03/2018

Consultation report include recommendations on monitoring, record-keeping, disclosures on trigger mechanisms and cross-jurisdictional communication for dual-listed securities.