India Tasks New Committee to Review Governance of Boards at Local Banks

21/01/2014

The committee, tasked to oversee governance of boards at local banks, will be chaired by Shri P. J. Nayak, former Chairman and CEO of Axis Bank.

Fund Managers Delay on AIFMD Application, Bottlenecks Seen Ahead of July Deadline

20/01/2014

With only six months to go until full implementation of the Alternative Investment Fund Managers Directive (AIFMD) on July 22nd, fewer than 20% of alternative investment fund managers (AIFMSs) have submitted an application to their local regulator for AIFMD authorisation, says industry survey.

Securities / Derivatives

CIMB & BPI Capital Issues Bolster Loss-Absorption Buffers in Run-up to Basel III

20/01/2014

The expansion plans of Malaysia-based CIMB Group and Philippines-based BPI (Bank of the Philippine Islands, rated BBB-), and their transition to Basel III, is driving them to raise capital, says Fitch Ratings.

Securities / Derivatives

Meeting the New Regulatory Challenges – Faster and Deeper Regulatory Reporting Requirements

20/01/2014

Regulation Asia spoke with James Stewart, the General Manager for Asia-Pacific Compliance at Wolters Kluwer Financial, to find out how banks can make changes more effectively in order to meet the new requirements.

Judge Upholds Rule for US Banks to Report to Foreign Countries Under FATCA

20/01/2014

A federal court rules that U.S. banks must report to foreign governments on the holdings of citizens in line with FACTA.

India’s Forward Markets Commission Refines Commodity Futures Trading Rules

19/01/2014

Commodities market watchdog Forward Markets Commission is refining rules for trading commodity futures to lure market participants.

Securities / Derivatives

Volcker Rule to Put Asian Liquidity to the Test

18/01/2014

Changes made by US regulators to the Volcker rule in December could constrain liquidity in Asia’s immature capital markets and put Wall Street firms at a disadvantage to local competitors.

China Toughens Rules on Freezing Terrorists Assets, Urges Banks to Report Suspicions

17/01/2014

China issues new rules to fight terrorism, requiring banks to report transactions suspected of links to terror activities and freeze assets of people named as belonging to terrorist groups.

Securities / Derivatives

Bank Negara Malaysia to Issue Consultation Paper on Retail Lending Rates

17/01/2014

Bank Negara Malaysia consults the financial industry on a new reference rate framework to replace the base lending rate quoted by financial institutions in the pricing of retail loans.