China Further Opens Distressed Market to Asset Managers

07/08/2015

China’s Ministry of Finance has granted “bad bank” licences to three asset management companies (AMCs) allowing them to buy non-financial distressed assets from corporates directly.

Stable Funding is Key to Business Expansion, says Wolters Kluwer

07/08/2015

Banks should be cautious expanding their business and avoid over-reliance on wholesale funding, according to a white paper by Wolters Kluwer Financial Services.

Australia Clamps Down on Excessive Private Equity Fees

06/08/2015

The Australian Securities and Investments Commission is being urged to crack down on the disclosure of fees by private equity firms amid fears local super funds and investors are being overcharged.

PBOC Proposes Rules to Limit Internet Payments in China

05/08/2015

The draft rules will prevent users from transferring funds to other users’ bank accounts, cap the size of daily transactions and increase identification requirements.

Securities / Derivatives

Vietnam Opens Debt Market to Foreign Investors

05/08/2015

The State Bank of Vietnam has issued new rules on debt trading which is expected to encourage foreign investors to buy non-performing loans from local financial institutions.

SFC Fines BNP Paribas HK$15m for Dark Pool Failures

04/08/2015

SFC fines BNP Paribas HK$15m for failing to properly prioritise client orders in matching and obtain their consent in relation to its dark liquidity pool trading services.

China Imposes Intraday Trading Restriction to Limit Short Selling

04/08/2015

Chinese regulators have restricted short selling of stocks in their latest step to stabilise the equity market and reduce volatility.

China to Allow Foreign Currency Settlement for Commodity Futures

04/08/2015

China will allow overseas investors to trade select domestic commodity futures using foreign currencies for settlement as it seeks greater influence over raw material prices.

HKMA Fines State Bank of India for Breach of AML/CTF Rules

03/08/2015

SBI’s Hong Kong branch fined HK$7.5 million for breaching anti money-laundering and counter terrorism financing rules.