SECURITIES / DERIVATIVES

Securities / Derivatives

IOSCO Proposes Measures to Tackle Pre-Hedging Risks

By Manesh Samtani | 23/11/2024

IOSCO proposes recommendations to guide regulators in determining acceptable pre-hedging practices and managing the associated conduct risks effectively.

Securities / Derivatives

China: Fund Houses Slash ETF Fees as Active Managers Underperform

By Mark Johnston | 22/11/2024

Major Chinese fund companies have announced significant fee reductions for equity ETFs, intensifying competition in the rapidly expanding market.

Fintech / Regtech

Goldman Sachs to Make GS DAP Platform “Industry-owned”

By Nithya Subramanian | 22/11/2024

Goldman will establish a new, standalone company to spin out GS DAP so that it can be used by more participants to interoperate seamlessly.

Enforcement

SFC Suspends Former Yuanta Securities Licensee for 26 Months

By Mark Johnston | 22/11/2024

The former licensee had a secret profit-sharing agreement with a client, failed to disclose personal dealings, and made false representations to the SFC.

Enforcement

Former Richmond Fed Official Pleads Guilty to Insider Trading

By Mark Johnston | 22/11/2024

The official used confidential information about FIs under Federal Reserve Bank of Richmond supervision to profit from stock trading.

Market Infrastructure

ASX Amends Position Reporting Framework, Operating Rules

By Editors | 21/11/2024

The changes aim to align terminology with global practice, clarify reporting requirements, and remove burdensome notification requirements.

Securities / Derivatives

Dalian Commodity Exchange Launches Log Futures, Options

By Editors | 21/11/2024

The new contracts are expected to facilitate more open and transparent log pricing and enhance China’s influence in the global timber industry.

Enforcement

US Court Sentences Archegos Founder to 18 Years in Jail

By Nithya Subramanian | 21/11/2024

Bill Hwang caused over $100bn in shareholder losses at companies in Archegos’ portfolio and $10bn in losses at banks that lent to the firm.

Securities / Derivatives

FSC Korea Amends Rules to Boost Competitiveness of Public Funds

By Mark Johnston | 21/11/2024

South Korea’s FSC has announced regulatory amendments aimed at enhancing the competitiveness of public funds while also enhancing investor protections.