Structural Regulation

Korea to Develop New Benchmark Interest Rate

19/06/2019

The FSC and BOK have formed a task force to develop a new benchmark interest rate and improve the current method of calculating the existing benchmark.

Cybersecurity

IOSCO Urges Members to Review, Enhance Cyber Standards

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

UPDATED – S. Korea Moving to Paperless Securities in September

19/06/2019

South Korea’s Cabinet has approved an ordinance to introduce an electronic securities system for all listed stocks and bonds from 16 September.

Structural Regulation

SFC Warns FX Brokers Against Servicing Mainland Clients

18/06/2019

Licensed corporations and their controlling entities are asked to review the legality of the services they offer, and immediately discontinue “unauthorised or illicit activities”.

Conduct, Culture & Accountability

Banks Making Progress on Compensation Practices: FSB

18/06/2019

Most banks now have compensation policies in place that reduce the potential for inappropriate risk-taking. The challenge now is to develop frameworks for assessing their effectiveness.

Structural Regulation

GLEIF Welcomes FSB Recommendations to Improve LEI Adoption

18/06/2019

The Global Legal Entity Identifier Foundation will assess how to best align itself to respond and support the FSB’s aim of broader LEI adoption globally.

Trading & Investment

CSRC, FCA Officially Launch Shanghai-London Stock Connect

18/06/2019

The Shanghai-London Stock Connect has opened for business, allowing listed companies in Shanghai and London to issue depositary receipts in each other’s markets.

Cybersecurity

BSP Orders FIs to Coordinate Cyber Threat Response

17/06/2019

BSP supervised financial institutions are asked to participate in the BAPCID, a platform for sharing cyber threat information and best practices.

Trading & Investment

China Capital Markets Reaching Inflection Point: ASIFMA

17/06/2019

New ASIFMA report says China’s capital markets are reaching an inflection point, and provides 103 recommendations to facilitate their further development.