Latest News
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380Securities & TradingMyanmar Bourse May Open to Foreigners by Year-End
Editors, Regulation Asia July 17, 2019Foreign investors will be allowed to hold up to a 35% stake in Myanmar-listed companies, as stipulated in the new Companies Law, which entered into force in August 2018.
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314Asia-PacificDhaka Bourse to Develop Tradeable Capital Market Indices
Editors, Regulation Asia July 17, 2019The Shanghai and Shenzhen bourses, as strategic partners, will provide technical support to help the Dhaka Stock Exchange develop the new indices.
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393Capital RegulationAllahabad Bank Reports $258mn Fraud by Indian Steelmaker
Editors, Regulation Asia July 17, 2019Following a similar report from Punjab National Bank earlier this month, Allahabad Bank has reported a $258mn fraud at Bhushan Power & Steel.
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252Australia & NZOver 35,000 Complaints Received in Six Months: AFCA
Editors, Regulation Asia July 17, 2019Over 60% of the complaints have been resolved, resulting in A$83mn in settlements. More than one-third of complaints were directed at banks.
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257SingaporeSingapore Loansharking Raids Result in 129 Arrests
Editors, Regulation Asia July 17, 2019Two suspects are believed to have directly carried out unlicensed moneylending, while 94 provided them access to bank accounts to facilitate their activities.
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493IndiaLeaked Draft Shows India’s Zero-Tolerance for Cryptocurrency
Editors, Regulation Asia July 17, 2019The leaked draft bill being circulated, though unauthenticated, specifies up to 10 years' jail for buying, selling or storing cryptocurrency in India.
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306ChinaICBC Graft Probe Linked to Ex-CSRC Chief Liu Shiyu – Report
Editors, Regulation Asia July 17, 2019Chinese investigators are said to be targeting Liu's affiliates for suspicious dealings involving investments in high yield wealth management products provided by ICBC Shanghai.
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352Capital RegulationSingapore Can Withstand Severe Adverse Shocks: IMF
Manesh Samtani, Regulation Asia July 17, 2019The IMF says Singapore's financial system would continue to be resilient even under very adverse scenarios, but that foreign currency liquidity risk needs to be addressed.
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615KoreaKRX Fines Merrill Lynch for High-Frequency Trading Activities
Editors, Regulation Asia July 17, 2019KRX found that over an eight-month period, Merrill Lynch's Seoul branch engaged in 6,220 high-frequency trades on behalf of a foreign hedge fund.
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316EnforcementUS SEC Penalises Nomura for Mis-sold Mortgage Backed Securities
Editors, Regulation Asia July 17, 2019Nomura Securities International has agreed to repay approximately $25mn to affected customers and $1.5mn in SEC fines to settle the charges.
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