Structural Regulation

S.Korea Regulator to Push Ahead with KDB Merger, Launches Maritime Financing

16/05/2014

As part of capital market reforms, the Financial Services Commission said it will complete state-run Korea Development Bank’s merger with policy lender Korea Finance Corp within the year.

Structural Regulation

Myanmar Central Bank Readies New Monetary Policy

16/05/2014

Myanmar’s central bank is expected to submit a new monetary policy during parliament’s next session, which begins late this month.

Capital Adequacy

Taiwan Regulator Conducts Test on Banks, Says Can Survive Housing Crash

16/05/2014

Taiwan’s Financial Supervisory Commission (FSC) said it has conducted stress tests on banks that revealed lenders’ ability to survive a potential housing crash.

Trading & Investment

India’s SEBI Issues Risk Management Norms for Foreign Portfolio Investors

16/05/2014

Market regulator Securities and Exchange Board of India (SEBI) came out with a risk management framework for foreign portfolio investors (FPIs) citing margin of trade and position limits for investors in the cash market.

Structural Regulation

Vietnam Issues New Circular on Foreign Investment

15/05/2014

The State Bank of Vietnam has issued a circular which guides the opening and use of indirect investment capital accounts for foreign investors in the country.

Trading & Investment

India’s SEBI Plans Tax Benefits for Mutual Fund Products

15/05/2014

The Securities and Exchange Board of India will petition the new government for more tax relief for mutual funds and the equity market to incentivise and channel savings into long-term investment products.

Market Abuse

Hong Kong Regulator Reprimands Citigroup on Algorithm Error

15/05/2014

The Securities and Futures Commission (SFC) has reprimanded Citigroup Global Markets Asia Limited (Citigroup) for failing to ensure its algorithmic trading systems functioned property for certain securities orders between April 2009 and May 2010.

Structural Regulation

Hong Kong’s HKEx Sponsor Regime Curbs Vetting for Listing Application

15/05/2014

Hong Kong Exchanges and Clearing’s new sponsor regime for listing applicants has been working well, curbing vetting time for applicants and improving quality of applications.

Market Risk

Taiwan’s Regulator Plans Supervisory Mechanism Restricting TRF Sales Volume

15/05/2014

Taiwan’s Financial Supervisory Commission chairman William Tseng said the country’s companies have a total of US$4.97 billion in exposure to renminbi-linked target redemption forward (TRF) financial derivative products with unrealized losses valued at US$2 billion.