Cybersecurity

Bank Indonesia, OJK to Coordinate on Boosting Banking System

12/05/2014

The Financial Services Authority (OJK) says it will coordinate closely with Bank Indonesia (BI) to improve the banking system in the country.

KYC & CDD

Hong Kong, US Conclude Talks on Tax Agreement

12/05/2014

Hong Kong and the United States have concluded discussions on an inter-governmental agreement that will facilitate Hong Kong financial institutions’ compliance with the US Foreign Account Tax Compliance Act.

Clearing & Post-Trade

Hong Kong’s HKEx Gets Approval for US OTC Clearing

12/05/2014

Hong Kong Exchanges and Clearing (HKEx) has received approval from the US Commodity Futures Trading Commission (CFTC) to clear over-the-counter derivatives for US clients.

Structural Regulation

China Issues New IPO Rules, Listing Resumption Likely

12/05/2014

China issued new, detailed rules governing initial public offerings, in a move that may pave the way for new listings on mainland markets soon.

Anti-Money Laundering

India’s SEBI, Financial Intelligence Sign Memorandum on Anti-Money Laundering

12/05/2014

India’s market regulator and the country’s Financial Intelligence Unit have agreed to work together on combating money laundering and terrorism finance.

Trading & Investment

Hong Kong Regulator Outlines Crowd-funding Risks, Regulatory Issues

08/05/2014

Crowd-funding that allows people to raise money for loans, causes, or projects through the web pose potential regulatory compliance issues and other investment risks.

Capital Adequacy

Australia’s New APRA Rule to Squeeze Banks’ Returns, Cut Dividends

08/05/2014

Australian Prudential Regulation Authority has told banks it will stop allowing lenders to use non-recourse debt to bolster their Tier 1 capital requirements.

Credit Risk

Chinese Banks Face Rising Financial Risks, Says Economist

08/05/2014

Chinese banks are faced with increasing risks born out of shadow banking, local government debt, bad loans, and looming house price declines.

Structural Regulation

Australian Securities Regulator Outlines Initiatives to Cut Red Tape

07/05/2014

Australia’s securities regulator has outlined ongoing and new initiatives to cut red tape and lower compliance costs for market participants.