Australian Regulators to Investigate Excessive Credit Card Rates at Banks

02/06/2015

Financial regulators are expected to investigate the record gap between the Reserve Bank of Australia (RBA) official interest rate and credit card rates.

Hong Kong Regulator Reprimands BNP for Unreported Cross Trades

02/06/2015

The Securities and Futures Commission (SFC) has reprimanded and fined BNP Paribas Securities (Asia) Limited HK$11 million for failing to report more than HK6 billion of cross trades over a 10-year period.

ASIC Proposes Register of “Bad Apple” Stockbrokers

02/06/2015

In an effort to protect investors and boost consumer confidence, ASIC is pushing to create a register which would list stockbrokers’ disciplinary records.

HKEx Plans to Double Clearing Capacity

02/06/2015

In response to substantially increased trading volumes, HKEx plans to double its stock clearing system capacity.

RBI Governor Backs PDMA Proposal

02/06/2015

Governor Raghuram Rajan said there was no reason for the RBI to manage public debt and he would be happy if the public debt management function goes to the government.

Australia’s Top Regulators Put Banking Culture and Incentives in the Firing Line

01/06/2015

APRA chairman said banks must lift their efforts to ensure remuneration plans encourage ethical behaviour.

Steps to Cool Property Market Having Positive but Modest Effect, reports RBA

01/06/2015

The Reserve Bank of Australia has reported that its measures to cool investment lending in housing seem to be working.

Alibaba Affiliated Online Bank to Commence Operations

01/06/2015

The CBRC has given the green light for MYbank to start operating in June.

ASIC Issues Derivative Transaction Rules for Central Clearing of OTC Trade

29/05/2015

The Australian Securities and Investments Commission is seeking industry views on new derivative transaction rules to govern the mandatory central clearing of over-the-counter trade from April next year.