Securities / Derivatives

Enforcement

CSRC to Push ‘Central Surveillance System’ for Exchanges

By Samuel Riding | 29/08/2017

Chairman Liu Shiyu cites ‘huge room for improvement’ in exchanges’ front-line supervision, citing failures exposed by 2015 stock market turmoil.

AML / KYC

HK SFC, Police Join Forces to Combat Financial Crime

By Samuel Riding | 29/08/2017

Agreement aims to clamp down on financial crime via securities markets; SFC has identified ‘multiple weaknesses’ in broker AML/CTF.

Enforcement

Korea Toughens Short-selling Rules

By Samuel Riding | 28/08/2017

Measures are expected to sharply increase incidences of excessive short selling; new categories of offence come with heavier maximum penalty.

Fintech / Regtech

HKMA Launches New Round of Trade Repository Testing

By Editors | 28/08/2017

Two-stage testing of Phase 2 reporting to depository covers interest rate, foreign exchange, equity, credit and commodity derivatives.

Market Infrastructure

Cybercrime Threatening Market Integrity – ASIC

By Samuel Riding | 23/08/2017

Australian regulator says market integrity will be a top priority over the next six months amid a surge in related misconduct issues.

Securities / Derivatives

ISDA Urges EU Not to Force Local Clearing Post Brexit

By Editors | 23/08/2017

Trade organisation says move to local CCPs could push up initial margin costs by 20% or more; cites Australian equivalency model.

Enforcement

Indian Brokers’ AML Compliance Under Heightened Scrutiny

By Editors | 20/08/2017

SEBI warned nearly 500 entities on possible money laundering over the last financial year; conducted 245 investigations into illegal stock market activity.

Securities / Derivatives

Taiwan Allows Robo-advisory for Mutual Funds

By Garima Chitkara | 14/08/2017

Investment advisors can use robo-advisory technology to execute transactions and rebalance portfolios for clients as long as preset investment scale and return standards are maintained.

Market Infrastructure

Japanese Brokerages Testing AI Systems to Detect Market Manipulation

By Garima Chitkara | 14/08/2017

SBI and Rakuten expect artificial intelligence software to be operational for detecting market manipulation within this year.