Trading & Investment

Taiwan Plans Cross-Border Stock Trading with Japan

22/08/2014

Taiwan will study the possibility of launching a cross-border stock trading scheme with Japan in a bid to boost internationalization of the local bourse, said the country’s top financial regulator.

Capital Adequacy

Taiwan Regulator Eyes Pan-Asian Growth for Financial Sector

22/08/2014

Taiwan’s Financial Supervisory Commission vowed to support financial institutions’ bid to expand into other Asian markets by easing a number of regulatory hurdles in the banking, insurance and securities brokerage industries.

Trading & Investment

ASEAN on Track to Create Regional Asset Class

21/08/2014

Top officials of the ASEAN Exchanges said that member bourses are taking collaborative steps to create, market and promote ASEAN as a single asset class.

Trading & Investment

Hong Kong Regulator Issues Quarter to June Report

21/08/2014

The Securities and Futures Commission issued its quarter to June report detailing accomplishments that included the release of a regulatory framework for the over-the-counter derivatives market, and the announcement of a cross-border stock market scheme between Hong Kong and Shanghai.

Anti-Money Laundering

Standard Chartered Fined $300 Million by US Financial Watchdog

21/08/2014

Standard Chartered will pay $300m over lapses in anti-money-laundering procedures and temporarily suspend its dollar clearing operations with high-risk clients in Hong Kong, the New York State Department of Financial Services (DFS) said.

Credit Risk

Indian Large Banks Trim Exposure in Singapore

20/08/2014

India’s large banks are reducing their exposure in Singapore amid tightened regulation and oversight by the Monetary Authority of Singapore of foreign banks.

Anti-Money Laundering

Leveraging Technology for Compliance and Performance

19/08/2014

Accuity CEO Hugh Jones describes how advanced systems are revolutionising banks’ ability to meet regulations.

PEPs & Sanctions

PwC Fined $25 Million for Altering Probe Report on Japanese Bank

18/08/2014

New York state has fined PricewaterhouseCoopers $25m and suspended some consulting work for two years after it altered a report to regulators on sanctions and money-laundering controls for Bank of Tokyo-Mitsubishi UFJ Ltd.

Structural Regulation

Indonesia Plans to Sell Bank Stakes in Financial Reform

18/08/2014

Indonesia may consider selling public stakes in banks and imposing lending quotas as part of plans to introduce reforms in the financial sector.