LATEST NEWS

US May Delay FATCA Implementation

By Editors | 22/01/2014

The Foreign Account Tax Compliance Act (FATCA) may be delayed again by another six months due to pending intergovernmental agreements between the U.S. and other countries.

SEBI Refines Rules for Interest Rate Futures

By Editors | 21/01/2014

The Securities and Exchange Board of India (SEBI) is enhancing monitoring requirements and easing certification norms for employees of intermediaries as local exchanges launch interest rate futures this month.

India Tasks New Committee to Review Governance of Boards at Local Banks

By Editors | 21/01/2014

The committee, tasked to oversee governance of boards at local banks, will be chaired by Shri P. J. Nayak, former Chairman and CEO of Axis Bank.

Fund Managers Delay on AIFMD Application, Bottlenecks Seen Ahead of July Deadline

By Editors | 20/01/2014

With only six months to go until full implementation of the Alternative Investment Fund Managers Directive (AIFMD) on July 22nd, fewer than 20% of alternative investment fund managers (AIFMSs) have submitted an application to their local regulator for AIFMD authorisation, says industry survey.

Securities / Derivatives

CIMB & BPI Capital Issues Bolster Loss-Absorption Buffers in Run-up to Basel III

By Editors | 20/01/2014

The expansion plans of Malaysia-based CIMB Group and Philippines-based BPI (Bank of the Philippine Islands, rated BBB-), and their transition to Basel III, is driving them to raise capital, says Fitch Ratings.

Securities / Derivatives

Meeting the New Regulatory Challenges – Faster and Deeper Regulatory Reporting Requirements

By Editors | 20/01/2014

Regulation Asia spoke with James Stewart, the General Manager for Asia-Pacific Compliance at Wolters Kluwer Financial, to find out how banks can make changes more effectively in order to meet the new requirements.

Judge Upholds Rule for US Banks to Report to Foreign Countries Under FATCA

By Editors | 20/01/2014

A federal court rules that U.S. banks must report to foreign governments on the holdings of citizens in line with FACTA.

India’s Forward Markets Commission Refines Commodity Futures Trading Rules

By Editors | 19/01/2014

Commodities market watchdog Forward Markets Commission is refining rules for trading commodity futures to lure market participants.

Securities / Derivatives

Volcker Rule to Put Asian Liquidity to the Test

By Editors | 18/01/2014

Changes made by US regulators to the Volcker rule in December could constrain liquidity in Asia’s immature capital markets and put Wall Street firms at a disadvantage to local competitors.