HKEx, China Bourse in Talks on Mutual Market Access

03/04/2014

Hong Kong Exchanges & Clearing said it is in talks to boost cooperation with mainland counterparts on mutual access, but no agreement has been reached.

Australian Banks Seek to Widen Money Laundering Net

03/04/2014

Justice Minister Michael Keenan has assured banks that they will not be “overregulated” despite tougher laws to counter money laundering and terror financing.

Securities / Derivatives

Philippine Govt Agency Seeks to Lift Bank Secrecy Law for Tax Purposes

03/04/2014

The Bureau of Internal Revenue stressed the need to lift the bank secrecy law for tax purposes to bring the Philippines in line with countries establishing a single and consistent global standard in tracking tax fraud.

Singapore Consults on Plan to Launch Asia’s First Electricity Futures

01/04/2014

The Singapore Exchange (SGX) plans to launch the first electricity futures in Asia and is consulting the public on rules and details that will govern the proposed power contracts.

Securities / Derivatives

IFSB Issues New Guidelines on Supervision of Islamic Finance Institutions

01/04/2014

The Islamic Financial Services Board has adopted a revised guideline on the supervision of Islamic finance institutions to tighten regulatory oversight of industry practices.

HKEx Announces Senior Management Changes

01/04/2014

Hong Kong Exchanges and Clearing (HKEx) has appointed Gerald Greiner as advisory chairman for Group Clearing and Regulatory Affairs and chief compliance officer of the exchange.

New Zealand Marks New Era for Financial Markets

01/04/2014

Commerce Minister Craig Foss is welcoming a new era for New Zealand’s financial markets as the Financial Markets Conduct Act comes into force today.

Australia’s Inquiry Chair Warns on Basel Rules

01/04/2014

Australia’s head of the financial systems inquiry David Murray has warned that tough banking capital rules designed for the United States and Europe may be hurting economic growth in Australia.

India Regulator Extends Foreign Portfolio Investor Rule Implementation to June

01/04/2014

India’s capital market regulator has pushed the implementation of the Foreign Portfolio Investor rules by two months to June.