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Capital Adequacy
BCBS Agrees to Revise Leverage Ratio, Disclosure Requirements
By Editors | 21/06/2019
Margin received from clients allowed to offset cleared derivatives exposure used to calculate leverage ratio. New disclosure requirements will address leverage ratio window dressing.
Market Abuse
US SEC Charges Five Asian Traders for Market Manipulation
By Editors | 21/06/2019
The SEC has charged three Malaysians, one Singaporean and one Chinese national with violating antifraud and market manipulation provisions.
Cybersecurity
IOSCO Urges Members to Review, Enhance Cyber Standards
By Editors | 19/06/2019
A new report from the IOSCO Cyber Task Force provides an overview of three internationally recognised cyber standards and frameworks used by IOSCO members.
Clearing & Post-Trade
SFTR: An Opportunity to Upgrade, Automate
By Manesh Samtani | 17/06/2019
DTCC’s Val Wotton and Oliver Williams explain the challenges SFTR presents in Asia, and how firms can best prepare in the lead-up to implementation starting in April 2020.
Market Abuse
ICBC US Brokerage Unit Penalised for Unlawful ADR Practices
By Editors | 17/06/2019
ICBC Financial Services LLC will pay over $42m to the US SEC for improper handling of ‘pre-released’ ADRs, and $3m to the DOJ for conspiring to rig bids related to the release of ADRs.
Clearing & Post-Trade
DLT Can Enhance Settlement Systems, But Not Replace Them
By Manesh Samtani | 14/06/2019
A new paper from Greenwich Associates says DLT cannot replace settlement infrastructure entirely without imposing the very costs it was designed to reduce.
Conduct, Culture & Accountability
Singapore: Progressing the Culture and Conduct Risk Agenda
By Jeffrey Kupfer | 13/06/2019
MAS is equipping itself with advanced tools that will allow for culture and conduct to be evaluated in a more systematic way, say Jeff Kupfer and Stephen Scott at Starling.
Data Privacy
Philippines: Online Lenders to Adopt Code of Conduct
By Editors | 08/06/2019
The pledge comes after 48 online lenders were cited for using customers’ personal data to publicly shame people who did not settle their debts on time.
Conduct, Culture & Accountability
Finance Should be a Force for Good: MAS
By Garima Chitkara | 05/06/2019
Financial institutions need to build trust, inclusivity and sustainability in order to be a force for good, MAS managing director Ravi Menon said in a speech on Monday.
Structural Regulation
Thailand Looks to Ease Listing Rules for SMEs
By Editors | 30/05/2019
Revising the listing rules will be a key agenda item at a 1 June meeting between the SEC and SET, as the current rules may be too restrictive for SMEs.
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