Hong Kong Sets Higher Capital for City’s Important Banks

18/02/2015

Hong Kong is requiring the city’s largest banks to set aside more capital to cushion against unexpected losses and pose less risk to the financial system.

India’s SEBI Plans to Cap Fees Mutual Funds Pay Distributors

18/02/2015

Securities and Exchange Board of India (SEBI) plans to cap the upfront commission that mutual funds pay distributors in an effort to step up consumer protection.

Securities / Derivatives

Indonesia to Issue Regulation on Definition of Foreign Banks

18/02/2015

Indonesia’s Financial Services Authority, or OJK, plans to release a regulation on the definition of foreign banks in the country, in a move that puts its policies in line with those of neighbouring nations Singapore and Malaysia.

Japan, S. Korea to End Currency Swap Program

17/02/2015

Japan and South Korea have agreed to end their 14-year-old currency swap arrangement this month.

Singapore Sets Out Plan to Boost Crowdfunding

17/02/2015

The Monetary Authority of Singapore (MAS) has set out a proposal that will give companies easier access to alternative sources of funding through securities-based crowdfunding (SCF).

DTCC’s Legal Entity Identifier Service Gathers Momentum

16/02/2015

The Global Markets Entity Identifier utility of the Depository Trust & Clearing Corporation, offered in collaboration with SWIFT, has issued over 165,000 legal entity identifiers (LEIs) to entities from over 140 jurisdictions, representing about 50% of all issued LEIs.

China, US Officials Discuss Banking Security Rules

13/02/2015

China’s proposed banking security rules requiring foreign technology firms to turnover source codes and submit to audits were among items discussed in a recent high-level talks between Beijing and the U.S.

Australian Banks Defend Corporate Tax Practices in Senate Inquiry

10/02/2015

Australia’s largest banks were among financial institutions that defended their corporate tax practices in submissions to the Senate inquiry, which is currently looking into the adequacy of the country’s corporate tax laws.

HKEx Plans to Add More HK Stocks in Cross-Border Link

10/02/2015

Hong Kong Exchanges and Clearing Ltd plans to add more stocks to be traded under the Shanghai-Hong Kong cross border trading scheme ahead of the proposed opening of the Shenzhen-Hong Kong link within the year.