Markets & Infrastructure

Conduct, Culture & Accountability

NZ to Finalise FI Conduct Guide in 2017

By Samuel Riding | 14/12/2016

Guide not a checklist or legal requirement, but could be used as reference in FMA inquiries.

AI Risk & Governance

Hong Kong SFC Cites Algo Trading Risk Mitigation Weaknesses

By Samuel Riding | 13/12/2016

Findings include insufficient management and control personnel involvement in governance.

Conduct, Culture & Accountability

Australia Ups Accountability of Product Issuers, Distributors

By Samuel Riding | 13/12/2016

New rules state products must only be offered to customers who need them.

Structural Regulation

Indonesia Limits Foreign Ownership of Fintech Firms

By Samuel Riding | 12/12/2016

Draft rules also mandate minimum capital and financial reporting standards.

Structural Regulation

Philippines Eases Bank Branch Opening Rules

By Samuel Riding | 12/12/2016

Lenders will now be able to set up branches in previously restricted areas.

Market Abuse

Indian Gov’t Says NSE Gave Preferential Access

By Samuel Riding | 12/12/2016

Finance minister Arjun Meghwal says loophole making system prone to manipulation closed on 3 December.

Fraud, Scams & Cybercrime

China Launches Acceptance Bills Exchange

By Samuel Riding | 09/12/2016

New exchange aims to prevent fraud amidst PBOC concerns about ‘opaque information trading’.

Payments & Settlements

SGX Glitch Halts Derivatives Trading

By Samuel Riding | 09/12/2016

December Nikkei 225 Futures the largest contract hit by delay 5 months after main board malfunction.

Conduct, Culture & Accountability

Taiwan FSC Fines ANZ for TRF Mis-selling

By Samuel Riding | 09/12/2016

Investigation finds ANZ helped customers buy RMB-linked forwards for which they were unfit.