Markets & Infrastructure

Structural Regulation

IOSCO Seeks Stakeholder View on Five-Year Plan

By Editors | 30/05/2014

The International Organization of Securities Commission is developing a five-year strategic plan ending 2020 and seeks stakeholders’ views on shaping the future objectives and strategies of the commission.

Market Abuse

S. Korea Regulator Charges US Traders over Illegal Algorithmic Trading

By Editors | 30/05/2014

The South Korean financial regulator has filed criminal charges against a U.S.-based trading company and four of its dealers for making illegal gains through price rigging.

Structural Regulation

Australian Regulator Urges Funds to Review Class Order Compliance

By Editors | 30/05/2014

Australian Securities and Investments Commission (ASIC) is encouraging providers of investor directed portfolio services or so-called platforms to review ongoing compliance with class orders.

Structural Regulation

China to Revitalize SMEs Amid Economic Slowdown

By Editors | 28/05/2014

China plans to revitalize the country’s small and medium-sized enterprises (SMEs) through tax cuts, access to loans other financial incentives in a bid to boost overall economic growth.

Trading & Investment

India’s SEBI Probing Mutual Fund Houses for Regulatory Breach

By Editors | 27/05/2014

Market regulator Securities and Exchange Board of India has found large-scale violations in several schemes of select mutual fund houses where norms regarding minimum 20 investors and maximum 25% single investor exposure have been breached repeatedly.

Payments & Settlements

Malaysia, S. Korea Launch Currency Swap Facility

By Editors | 27/05/2014

Bank Negara of Malaysia and the Bank of Korea have launched a currency swap facility worth up to RM5 billion, or five trillion won, to facilitate trade settlements between companies in Malaysia and South Korea.

Supervision & Enforcement

Financial Regulators’ Expenditures Rise as Market Surveillance Deepens

By Editors | 27/05/2014

Financial services regulators in major markets including Hong Kong have increased their expenditure over the last seven years by nearly 60% amid growing pressure on regulatory agencies to deepen scrutiny of the financial services industry following the 2008 crisis.

Market Abuse

Australian Regulator Issues Report on Confidential Information, Warns of Complacency

By Editors | 27/05/2014

Australia’s disclosure regime ensures retail investors can trust the integrity of the market, the Australian Securities and Investments Commission (ASIC) said, although it warned companies not to become complacent.

Market Abuse

Hong Kong Exchanges Vows to Fight Class Action Lawsuit on Zinc

By Editors | 27/05/2014

Hong Kong Exchanges and Clearing said it will “vigorously” contest a class action alleging it engaged in anti-competitive behaviour that distorted the price of zinc.