AI Risk & Governance

Korea FSS to Use Artificial Intelligence for PE Fund Screening

20/06/2019

The proposed AI system will be used to analyse the terms and conditions of new private equity fund contracts to increase screening speed and efficiency.

Anti-Money Laundering

Non Bank Payment Providers Raise Compliance Costs: LexisNexis

20/06/2019

High labour costs in the AML function are partly driven by the growth of non-bank payment providers, which increase complexity and reduce transparency in the transaction chain.

Conduct, Culture & Accountability

SFC Fines Credit Suisse $2.8m over Research Reports

20/06/2019

Credit Suisse has been fined $2.8m for failing to disclose investment banking relationships and market making activities in research reports on Hong Kong-listed securities.

Trading & Investment

Vietnam Government Bond Futures Set for 4 July Launch

20/06/2019

Government bond futures will be the second derivatives market product launched by the Hanoi Stock Exchange since it started index futures in August 2017.

Structural Regulation

FSC, FSS Agree to Audit KRX, Disagree on Scope

20/06/2019

The FSS and FSC have agreed to conduct an audit of KRX by year end, though they disagree on its possible scope and comprehensiveness.

Liquidity Risk

CSRC, PBOC Ask Leading Brokers to Support Smaller Peers

19/06/2019

Nine leading brokerages and fund managers have reportedly been asked to provide liquidity support to smaller securities firms and funds to help ease cash shortfalls.

Trading & Investment

SEBI Allows Exchanges to Introduce Commodity Index Futures

19/06/2019

Following an earlier consultation paper, SEBI has approved the trading of commodity index futures on relevant local exchanges.

Cybersecurity

BNM to Set Up Cyber Threat Intelligence Platform

19/06/2019

BNM governor says the platform will strengthen the financial industry’s capabilities to respond to cyber threats and help create a safe environment for innovation.

Market Abuse

SSE Issues Rules to Curb Abnormal Trading on New Board

19/06/2019

The rules are aimed at preventing large market fluctuations, while maintaining market liquidity, the Shanghai Stock Exchange said.