UBS fined HK$400 million for overcharging spread on bond trades for ten years
UBS was found to have overcharged the post-trade spread for around 28,700 client transactions in Hong Kong over a ten-year period.
Tag: SFC
Hong Kong explores digital settlement of securities
HKEX will develop new systems for the proposed paperless regime, which could be in place by early 2022.
HSBC fined $1.2 million for failures in bond sale
HSBC failed to assess risk of individual bonds before recommending them to clients in Asia.
Instinet fined for algo trading and market access breaches
Financial authorities in Asia and the US fined agency broker Instinet for several violations related to market access and trading systems.