Structural Regulation

More Time for Commodity Exchanges to Meet New SEBI Guidelines

20/08/2015

Securities and Exchange Board of India chief U.K. Sinha has met with key officials of national and regional commodity exchanges to iron out certain issues related its upcoming merger with the Forward Markets Commission.

Structural Regulation

Vietnam Regulator Raises Foreign Ownership Limit for Public Firms

20/08/2015

Vietnam’s State Securities Commission has issued a circular to guide the implementation of a new law raising the foreign ownership limit (FOL) in public companies to 100 percent.

PEPs & Sanctions

State Bank of Pakistan to Clarify Rules for Politically Exposed Persons

20/08/2015

Government officials have ordered the State Bank of Pakistan to stop commercial banks from misusing the term ‘politically exposed persons’ (PEPs) to deny financial services to citizens.

Credit Risk

Vietnam Banking Authorities Reject Arrest Rumours

19/08/2015

Officials at the State Bank of Vietnam have dismissed rumours that the chairman of top lender Eximbank had been arrested.

Conduct, Culture & Accountability

SEBI to Assess Compensation Policy at Mutual Funds

18/08/2015

The Securities and Exchange Board of India will start collecting details of salaries paid to employees and top officials at mutual funds to calculate the cost of funds of asset management companies.

Credit Risk

Aussie Major Westpac Bank Tightens Interest-Only Credit Policies

18/08/2015

Westpac is tightening credit policies for interest-only mortgages, an area where financial regulators have raised concerns about bank underwriting standards.

Credit Risk

India Unveils Revamp Plan for State Run Banks

18/08/2015

India’s government has announced a comprehensive seven-pronged revamp plan to shake up its struggling public sector banks, dubbed “the most comprehensive plan since nationalisation of banks in 1969”.

Conduct, Culture & Accountability

Big Aussie Banks Refuse to Contribute to Compensation Fund

17/08/2015

The big bank lobby is refusing to fund a “last resort” compensation fund for victims of financial planners that go bust, arguing that smaller companies should fund it themselves.

Emerging Prudential Risks

Indonesia to Announce D-SIBS After New Crisis Management Law is Passed

17/08/2015

Indonesia’s Financial Services Authority says it will announce the country’s domestic systematically important banks after the new law on the Financial System Safety Net is passed.