Latest News
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431KoreaS. Korean Regulator Fines Four Global Banks for Rigging FX Derivatives
Editors, Regulation Asia January 22, 2019South Korea’s Fair Trade Commission has fined JP Morgan, HSBC, Deutsche Bank and StanChart a combined $613,000 for rigging forex derivative prices.
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199ChinaChina Bourses Ease Restrictions on Lending Against Pledged Shares
Editors, Regulation Asia January 22, 2019The SSE and SZSE have extended the repurchase period for pledged shares to over three years and loosened restrictions on the number of shares that can be pledged.
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211IndiaIndia Mulls Loosening Norms for New Players in Retail Payments
Garima Chitkara, Regulation Asia January 22, 2019Concerned about the concentration risk posed by the NPCI, the central bank has proposed relaxing some requirements for new firms looking to operate payment systems in India.
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203IndiaIndia’s Brokers Push Back Against Higher Margining for Equity Derivatives
Editors, Regulation Asia January 22, 2019Brokers say SEBI's new margining norms increase the cost of trading without any real reduction in risk and will result in "unprecedented damage" to India's equity derivatives market.
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197MalaysiaAffin Hwang, Bursa Malaysia Launch Retail SBL Facility
Editors, Regulation Asia January 21, 2019Affin Hwang Investment Bank and Bursa Malaysia have formally launched a securities borrowing and lending facility for retail investors.
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224Australia & NZASIC Officials Fear Excessive Focus on Litigation – Report
Editors, Regulation Asia January 21, 2019While ASIC officials talk up plans to fund more court cases, behind the scenes they are reportedly concerned about the community backlash and loss of confidence if cases are lost.
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321Capital RegulationBasel Regulators Consider 2020 Initial Margin Relief
Manesh Samtani, Regulation Asia January 21, 2019Although it is still unclear which of the proposals will be adopted, the industry sees the data as so compelling that regulators will recognise the need for some form of relief.
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262Capital RegulationRBNZ Bank Capital Proposal Excessive, Expensive, Unnecessary – UBS
Editors, Regulation Asia January 21, 2019The RBNZ's endeavours to strengthen the banks could come at a significant cost to the New Zealand economy, UBS has said in a research note.
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367Asia-PacificMyanmar to Establish Derivatives Market
Editors, Regulation Asia January 21, 2019A plan to launch a derivatives market in Myanmar is afoot, but an important step is to put in place an appropriate regulatory regime.
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367Capital RegulationHKMA Asks Banks to Start Working on FRTB Implementation
Editors, Regulation Asia January 21, 2019The HKMA circular follows last week's publication of new minimum capital requirements for market risk by the Basel Committee on Banking Supervision.
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