Australian Prudential Regulator Seeks More Flexibility in Regulatory Function

07/04/2014

The Australian Prudential Regulation Authority seeks increased independence from the government or parliament to effectively regulate the banking, superannuation and life insurance industries.

Securities / Derivatives

Philippine Central Bank Eyes Conduits in Banks’ Loans to SMEs

07/04/2014

Philippine regulators plan to establish conduits that can help banks comply with mandatory lending rules to small businesses.

China Regulator Allows Shenzhen IPO Hopefuls Explore Shanghai Listing

04/04/2014

The China Securities Regulatory Commission is allowing companies with application to go public on the Shenzhen board to explore a Shanghai listing.

Securities / Derivatives

Taiwan Regulator Allows Use of Dual-Currency Credit Cards

04/04/2014

The Financial Supervisory Commission has relaxed rules on credit card use, allowing banks to issue dual-currency credit cards to clients.

Basel Committee Finalises Counterparty Credit Risk Exposure Method

04/04/2014

The Basel Committee has finalised a new approach for measuring counterparty credit-risk exposures.

HKEx, China Bourse in Talks on Mutual Market Access

03/04/2014

Hong Kong Exchanges & Clearing said it is in talks to boost cooperation with mainland counterparts on mutual access, but no agreement has been reached.

Australian Banks Seek to Widen Money Laundering Net

03/04/2014

Justice Minister Michael Keenan has assured banks that they will not be “overregulated” despite tougher laws to counter money laundering and terror financing.

Securities / Derivatives

Philippine Govt Agency Seeks to Lift Bank Secrecy Law for Tax Purposes

03/04/2014

The Bureau of Internal Revenue stressed the need to lift the bank secrecy law for tax purposes to bring the Philippines in line with countries establishing a single and consistent global standard in tracking tax fraud.

Singapore Consults on Plan to Launch Asia’s First Electricity Futures

01/04/2014

The Singapore Exchange (SGX) plans to launch the first electricity futures in Asia and is consulting the public on rules and details that will govern the proposed power contracts.