Securities / Derivatives

Thailand to Allow Temporary Trading in Suspended Stocks

12/06/2019

For a one-month period in July, temporary trading will be allowed for SET listed securities that have been suspended for three months consecutively.

Market Infrastructure

ISDA Chief Urges Accounting Bodies to Prioritise Benchmark Reform

12/06/2019

ISDA chief Scott O’Malia says market participants need clarity from the IASB and FASB on the accounting implications of a switch from IBORs to RFRs.

Enforcement

SEBI Proposes Informant Mechanism to Combat Insider Trading

11/06/2019

SEBI wants to institute a process that incentivises timely reporting of instances of insider trading and provides for the granting of rewards to whistleblowers.

Capital / Liquidity

PBOC to Guarantee Bank of Jinzhou’s CD Issuance

11/06/2019

The PBOC introduced the credit risk mitigation tool last year to support bond issuances by private firms. Bank of Jinzhou will be the first to issue interbank CDs under the initiative.

Capital / Liquidity

RBI to Step Up Monitoring of Shadow Banking Sector

11/06/2019

Governor Shaktikanta Das says the RBI will increase its monitoring of NBFCs and issue final liquidity risk management rules for the sector “soon”.

Market Infrastructure

FSB Examines Effects of Post-Crisis Reforms on SME Financing

11/06/2019

SME lending growth has resumed in recent years, and access to external finance for SMEs appears to have improved, particularly in advanced economies.

Enforcement

S. Korea: Nine Securities Firms, KSD Face Disciplinary Action

11/06/2019

The Korea Securities Depository and nine brokerages are facing penalties for inadequate internal controls over their offshore equities trading

Enforcement

UPDATED – Citigroup Japan Fined, Ordered to Improve Internal Controls

10/06/2019

Having failed to detect after hours spoofing by a London trader, Citigroup Global Markets Japan has been fined, ordered to improve its controls, and suspended from participating in JGB auctions.

Enforcement

Switzerland Fines Five Global Banks Involved in FX Trading Cartel

10/06/2019

Adding to the European Commission’s $1.2bn fine last month, Citigroup, Barclays, RBS, JP Morgan and MUFG have been fined $91mn by the Swiss Competition Commission.