Liquidity Risk

MAS Consultation Paper on Basel III Liquidity Rules

16/08/2013

On 6 January 2013, the Group of Central Bank Governors and Heads of Supervision (“GHOS”) endorsed the Basel III Liquidity […]

Supervision & Enforcement

SFC Reprimands and Fines China Securities Holdings

15/08/2013

The Securities and Futures Commission (SFC) has issued a reprimand to China Securities Holdings Limited (China Securities); fined it $1.3 […]

Market Abuse

SEC Issues Risk Alert on Options Trading

15/08/2013

The SEC has issued a Risk Alert to help market participants detect and prevent options trading that circumvents an SEC […]

Trading & Investment

ASIC makes rules on dark liquidity, high-frequency trading

12/08/2013

ASIC has released its market integrity rules on dark liquidity and high-frequency trading. ASIC has also released guidance on the […]

Clearing & Post-Trade

SFC issues guidelines on CPSS-IOSCO Principles for financial market infrastructures

09/08/2013

(Hong Kong) The Securities and Futures Commission (SFC) today issued a set of guidelines for recognized clearing houses concerning the […]

Anti-Money Laundering

Many Hong Kong institutions not ready for FATCA

09/08/2013

Hong Kong’s banks should put to good use the recent decision by the U.S. Treasury to delay the implementation of the Foreign Account Tax Compliance Act (FATCA), said a local industry official.

Conduct, Culture & Accountability

Instinet Australia Pty Limited pays $130,000 infringement notice penalty

09/08/2013

Instinet Australia Pty Limited (Instinet) has paid a penalty of $130,000 to comply with an infringement notice given to it […]

Trading & Investment

Hong Kong companies urged to ensure Islamic bond compliance

09/08/2013

With Islamic finance finally taking root in Hong Kong, compliance and legal staff at the territory’s financial institutions offering sukuk, or Islamic bonds, must ensure that their structures conform to the law, said a local lawyer. Doing so was essential, he said, to obtaining preferential tax treatment.

Structural Regulation

Japan Agreement with Luxembourg on Audit Oversight

09/08/2013

The Financial Services Agency (FSA) and Certified Public Accountants and Auditing Oversight Board (CPAAOB) exchanged the Letter on cooperation in […]