India to Ease IPO Regulation for E-Commerce Startups

26/06/2015

The Securities and Exchange Board of India is proposing to ease rules for initial public offerings by startups, in order to prevent them from listing on exchanges abroad and allow local investors to profit from India’s e-commerce boom.

RBI Opposes Finance Ministry Plan to Use Gold Deposits for Bank Cash Reserve Ratio

25/06/2015

The Reserve Bank of India has written to the finance ministry in opposition to its plan to use gold deposits as bank cash reserve ratio.

China to Scrap Loan-to-Deposit Cap for Banks

25/06/2015

China’s cabinet has proposed scrapping a rule that caps lending by commercial banks at 75 percent of their deposits to help boost credit expansion as it looks to revive its economic growth.

China Regulator to Allow Banks in Free Trade Zone to Trial New Businesses

25/06/2015

The China Banking Regulatory Commission will allow banks in the free trade zone to try new and innovative businesses under a special regulatory and risk management mechanism.

MAS Reprimands SGX for Market Outages

25/06/2015

The Monetary Authority of Singapore has reprimanded the Singapore Exchange for lapses related to market outages and is directing it to improve recovery capabilities and processes.

S. Korea to Lower Max Loan Rate for Subprime Borrowers

25/06/2015

South Korea’s Financial Services Commission announced it will lower the interest rate ceiling for subprime loans later this year, from 34.9 percent to 29.9 percent.

S. Korea to Revise Bank Law to Encourage Internet-Only Banks

24/06/2015

South Korea’s Financial Services Commission (FSC) said it will revise the Bank Law to encouraging ownership of Internet-only banks by non-financial companies.

S. Korea to Ease Regulations for Bank Holding Firms

24/06/2015

South Korea’s Financial Services Commission will lift barriers to allow affiliates of large banking groups to engage in cross-sector business starting next year.

ASIC Blocks Interactive Brokers from FX Business in Australia

24/06/2015

The Australian Securities & Investments Commission has told Interactive Brokers to stop offering over-the-counter currency trading in Australia as it does not have the right license to operate.