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Market Infrastructure
CPMI-IOSCO Publish Multi CCP Stress Testing Framework
By Editors | 12/04/2018
Framework supports stress tests examining potential macro-level impact of common stress event affecting multiple CCPs to gauge interdependencies between markets, CCPs and other entities.
Enforcement
Samsung Securities Dividend Error Prompts Industry Wide Probe
By Manesh Samtani | 12/04/2018
The firm mistakenly paid out dividends worth 33 times its market cap; FSS will inspect how unauthorised ‘ghost stocks’ were sold by employees.
Market Infrastructure
CPMI-IOSCO Issues Technical Guidance on OTC Derivatives Data
By Manesh Samtani | 12/04/2018
Guidance excludes UTI and UPI standards, includes parameters for how data should be reported rather than specific regulatory requirements.
Market Infrastructure
India Defers Bank Adoption of New Accounting Standard One Year
By Garima Chitkara | 09/04/2018
RBI defers banks’ adoption of the Indian version of IFRS by one year; banks deemed unprepared for migration, government is yet to make necessary legislative amendments.
Market Infrastructure
India Directs Payment Firms to Store User Data Onshore
By Garima Chitkara | 09/04/2018
Payment service providers have been asked to move all consumer data, including end-to-end transaction details to India within six months to ensure easier access by the central bank for supervisory purposes. Foreign firms to be impacted more than domestic firms.
Market Infrastructure
ASEAN ‘Close’ to Financial Services Free Trade Agreement
By Samuel Riding | 09/04/2018
Statement says deal on trade in services close to agreement, ASEAN members to also update wider agreement on cross-border services this year.
Market Infrastructure
MiFID II Could Kill Quality Investment Research
By Peter Guy | 09/04/2018
If almost all communications between sales-traders and clients is classified as “research”, severe distortions will hit the economics of quality investment insights.
Market Infrastructure
Bursa Malaysia Enhances Collective Investment Rules
By Editors | 07/04/2018
Unit holder protections, corporate governance, disclosure quality to be enhanced; applicable to REITs, ETFs, closed-end funds.
Securities / Derivatives
IOSCO Issues Corporate Bond Transparency Recommendations
By Editors | 07/04/2018
Better access to information will aid regulator functions, enhance cross-border information sharing, enable better informed investment decisions, boost market liquidity.
Market Infrastructure
FSS Confirms Former Chief’s Role in Hana Bank Hiring Scandal
By Editors | 06/04/2018
Hana Financial Group chairman and KEB Hana Bank president also tied to illegal hiring of 32 employees in 2013.
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