Securities / Derivatives

Enforcement

European Commission Fines Five Banks Involved in FX Trading Cartel

By Editors | 20/05/2019

Individual traders at Citigroup, Barclays, RBS, JP Morgan and MUFG exchanged sensitive information and coordinated spot FX trading strategies through online chatrooms.

Enforcement

Hong Kong ICAC Files Charges Against Former Convoy Director

By Manesh Samtani | 18/05/2019

Charges were laid against Cho Kwai Chee, a former director of Convoy Global Holdings, one of the companies said to be at the centre of the so-called ‘enigma network’.

Enforcement

SFC Warns Brokers, Traders on Client Facilitation Conduct

By Manesh Samtani | 17/05/2019

The SFC has found brokers that are failing to comply with the expected standards on client facilitation, and plans to take action against both individuals and firms.

Securities / Derivatives

‘No Concrete Timetable’ for Shanghai-London Connect – SSE

By Editors | 17/05/2019

The project to link the Shanghai and London stock exchanges has reportedly lost momentum in China, after earlier plans to launch in December were called off.

Market Infrastructure

Hong Kong, Netherlands Agree Mutual Recognition of Funds

By Editors | 16/05/2019

Hong Kong and Dutch regulators have set out a framework for the exchange of information and mutual recognition of funds registered in both jurisdictions.

Market Infrastructure

SGX to Introduce 10-Minute ‘Trade at Close’ Session in June

By Editors | 16/05/2019

SGX will introduce a 10-minute ‘trade at close’ session starting from 3 June. The session will allow participants to execute orders at the closing price of a security.

Market Infrastructure

SC Malaysia Issues Guidelines on Business Continuity

By Editors | 15/05/2019

The Securities Commission requires each capital market entity to have business continuity management arrangements as part of ensuring systemic resiliency of the capital market.

Market Infrastructure

China Moves Towards Interoperable Bond Market Access Schemes

By Manesh Samtani | 15/05/2019

Rules drafted by the PBOC and SAFE will ease investments in China’s fixed income market by creating some interoperability between the QFII/RQFII and CIBM schemes.

Market Infrastructure

Sri Lanka Signs Dual Bond Listing Deal with London

By Editors | 14/05/2019

Colombo’s stock exchange has signed an MoU to list domestic government bonds in London and enable LSEG to support the development of Sri Lanka’s capital markets.