Indonesia, Pakistan, Myanmar on FATF’s Gray List

24/02/2014

The Financial Action Task Force, the international body for setting global standards for combating money laundering and terrorist financing, kept the Asian countries on its gray list.

S.Korea to Establish 20-Year Government Bond Futures by 2015, Monitor Yuan Deposits

24/02/2014

The Financial Services Commission plans to launch a 20-year government bond futures market by 2015 to boost derivatives trading activity.

China to Expand Yuan Trading Band This Year

21/02/2014

The People’s Bank of China will expand the yuan’s trading band this year and quicken convertibility on the capital account.

Australian Banks Welcome US Decision to Adopt Relaxed Ruling on Foreign Banks

21/02/2014

The Federal Reserve has adopted a new rule that will protect the US financial system from potential problems from foreign banks operating in the country.

Securities / Derivatives

Myanmar to Issue Operating Licenses to at Least Five Foreign Banks in July

20/02/2014

The Central Bank of Myanmar mulls the granting of independent operating licenses to at least five foreign banks in July.

China Regulator Seeks Bank Liquidity Coverage Ratio of 100% by 2018

20/02/2014

Chinese banks are urged to keep a liquidity coverage ratio of 100% by 2018.

OECD Sets Global Standard for FATCA-Inspired Tax Information Exchange

19/02/2014

The Organization for Economic Cooperation and Development sets worldwide standard for tax information exchange among member countries.

Securities / Derivatives

Malaysian Banks Told to Keep Minimum 1.2% CA Allowance

19/02/2014

Malaysian Banks have been told to have a minimum collective assessment (CA) ratio of 1.2% by the end of next year.

India’s Regulator Seeks Consolidated Report on Listed Companies’ Information

19/02/2014

The Securities and Exchange Board of India proposes that companies prepare annual documents bearing all relevant information about their operations.