HKMA Cautions Authorised Institutions on Virtual Currencies

14/01/2014

With the recent rise of Bitcoin across the globe, the Hong Kong Monetary Authority (HKMA) writes a cautionary letter to authorized institutions (AI) in the city state about virtual currencies.

Singapore Releases Report on Money Laundering and Terrorist Financing

13/01/2014

A Singapore government-wide National Risk Assessment (NRA) exercise over two years has found in many sectors a robust regime to combat money laundering and terrorist financing.

Basel Committee Soften Leverage Ratio Requirements

13/01/2014

After pressure from banks, the Basel Committee for Banking Supervision has softened their requirements for calculation of a banks’ leverage ratio.

Five Chinese Firms Postpone IPOs as Regulator Tightens Supervision

13/01/2014

Five Chinese firms announced on Monday that they had postponed their initial public offerings (IPOs) after China’s stock regulator said overnight it would strengthen its supervision of IPOs.

PBOC and CBRC Issue Further Regulation on Credit Asset Backed Securities

11/01/2014

The People’s Bank of China (PBC) and the China Banking Regulatory Commission (CBRC) jointly announced further regulation to better manage risks associated with credit asset backed securities.

Securities / Derivatives

Japan and Mongolia to Strengthen Cooperation

10/01/2014

Japan and Mongolia exchange letters with aim of sharing expertise and experience.

Regulation Must Keep Pace with Changing Dynamics of Commodities Market

09/01/2014

The high and volatile global commodity prices have posed considerable challenges to the domestic monetary policy in several commodity importing countries.

Regulators to Identify Further ‘Systematically Important’ Financial Institutions

09/01/2014

Regulators are looking to complement their existing ‘too big too fail’ financial organizations with those from the non-bank, non-insurance sector.

China Eyes New Privately Financed Banks

07/01/2014

Up to five private banks will be created in China this year as it aims to open up the financial sector and raise competition in the industry. The banks will be allowed to operate on a trial basis under the supervision of Chinese banking authorities.