Markets & Infrastructure

Market Abuse

Korea FSS Says Naked Short Selling Has ‘Significant Impact’

By Mark Johnston | 18/01/2024

Illegal short selling has a “significant impact” on certain stocks, the FSS said in response to concerns that its short-selling ban may not have been justified.

Payments & Settlements

Malaysia Issues Exposure Draft on Currency Processing Business

By Mark Johnston | 18/01/2024

The exposure draft covers key areas such as governance, operational requirements, risk management and IT requirements for currency processors.

Liquidity Risk

RBI Proposes Harmonised Regulatory Framework for HFCs and NBFCs

By Ajoy K Das | 18/01/2024

The central bank proposes higher liquid assets for housing finance companies, smaller aggregate deposits, and permission to issue co-branded credit cards with banks.

Clearing & Post-Trade

India’s Proposal for T+0 Settlement Will Fragment Market: ASIFMA

By Editors | 18/01/2024

ASIFMA suggests that SEBI wait to see the impact from the US move to T+1 settlement before proceeding to a shorter settlement cycle in India.

Structural Regulation

China Reverses Course on Allowing Net Sellers of Equity – Report

By Editors | 18/01/2024

Regulators have reimposed restrictions on securities firms, asking them to avoid being net sellers of equities on certain days.

Trading & Investment

Korea to Make Capital Market More “Friendly” to Investors

By Editors | 17/01/2024

A new programme will be introduced to promote valuations improvements for companies and incentivise better disclosure practices.

Trading & Investment

India’s MCX Launches Country’s First Steel Rebar Futures Contract

By Ajoy K Das | 17/01/2024

According the MCX circular, no premium or discount will be allowed based on grade, size or delivery centres.

Emerging Prudential Risks

Xi Jinping Unveils Roadmap for Achieving ‘Financial Powerhouse’ Status

By Editors | 17/01/2024

The Chinese President highlighted the need for stronger connectivity between domestic and foreign financial markets and greater influence over international rules.

Conduct, Culture & Accountability

US SEC Fines JP Morgan for Impeding Potential Whistleblowers

By Nithya Subramanian | 17/01/2024

The firm’s securities unit has been fined USD 18 million for disallowing clients from contacting the SEC.