Structural Regulation

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.

Liquidity Risk

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.

KYC & CDD

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.

Credit Risk

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.

Reporting & Disclosures

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.

Trading & Investment

Philippine Central Bank Readies Capital Market Reforms

19/02/2014

The Philippine central bank is eyeing new measures to further develop the country’s capital markets.

Trading & Investment

Singapore Banks to Stop Setting Indonesia Foreign Exchange Reference Rate

18/02/2014

Banks in Singapore are to stop setting a reference rate for the Indonesian rupiah after March 27.

Market Abuse

Japan Regulator Seeks to Penalise Foreign Firm for Stock Manipulation

18/02/2014

The Securities and Exchange Surveillance Commission seeks to penalise Select Vantage Inc. for stock manipulation.

Emerging Prudential Risks

China’s Central Bank Limits Bond Investment by Shadow Bank Products

18/02/2014

The People’s Bank of China has issued rules governing investment by wealth management products in bond markets.