IOSCO Gains 100th MMoU Signatory in Fight Against Financial Misconduct

26/01/2014

The Indonesian Financial Services Authority has become the 100th signatory to the IOSCO Multilateral Memorandum of Understanding (MMoU) on cooperation and exchange of information.

Securities / Derivatives

Thailand’s Stock Exchange Plans to Allow Foreign IPOs

24/01/2014

Thailand’s stock exchange plans to change its rules to allow foreign companies to list in Bangkok, in a bid to become a regional trading hub challenging Singapore and Hong Kong.

India to Plan Merging Regulators to Boost Bourses Oversight

24/01/2014

The Finance Ministry is planning to combine the stock and commodities market regulators to strengthen oversight of markets.

‘Big Four’ Accounting Firms To Appeal Against SEC China Ruling

24/01/2014

The “Big Four” accounting firms said they will fight a ruling by the US Securities and Exchange commission suspending their Chinese units for six months.

Securities / Derivatives

Indonesia Recommends Against Bitcoin Use

24/01/2014

The Central Bank of Indonesia have recommended against the use of Bitcoin in the country. According to the central bank, the virtual currency fails to meet a number of regulations.

HK Court Varies Interim Injunction Against Qunxing

24/01/2014

The Court of First Instance today varied an interim injunction obtained by the SFC in the proceedings against Qunxing Paper Holdings Company Limited (Qunxing) and its subsidiary, Best Known Group Limited (Best Known).

SFC Allows Appeal over Retail Investor Aquittal

24/01/2014

The Court of First Instance today allowed the Securities and Futures Commission’s (SFC) appeal of the acquittal of Mr Chan Wing Fai of false trading, and ordered that the case be remitted back to the Magistrate.

Japan to Urge Banks to Appoint Outside Board Members for Transparency

24/01/2014

Japanese regulators plan to call on banks and their holding companies to appoint outside directors as members of their board to enhance transparency in management.

India Pulls Out Old Currency Notes, Curbs ‘Black Money’

24/01/2014

The Reserve Bank said it will withdraw all currency notes issued prior to 2005 from March 31, in an apparent move aimed at curbing black money and fake currencies.