Hong Kong Regulator Endorses Revised Banking Code

08/02/2015

The Hong Kong Monetary Authority has endorsed a revised code of banking practice that requires the city’s banks to uphold international banking practices in areas of disclosure and transparency, responsible business conduct and financial education.

Managing Liquidity is Key to Risk Control

06/02/2015

Meeting cash and liquidity management standards in Basel III are driving the development of advanced systems.

Singapore Regulator Says Prospectuses Should Be in Plain English

05/02/2015

The Monetary Authority of Singapore is urging issuers of financial products to write their prospectuses in plain English, and present information in a clear, concise and logical manner to better help investors make informed investment decisions.

Singapore, Myanmar to Boost Bilateral Cooperation

04/02/2015

The Central Bank of Myanmar (CBM) and the Monetary Authority of Singapore (MAS) have agreed to strengthen bilateral cooperation on areas including banking supervision.

Hong Kong Readies Direct Stock Link with Shenzhen

03/02/2015

Hong Kong’s top regulator said preparations are under way to connect the city’s stock exchange with Shenzhen’s stock market, similar to the cross-border stock trading scheme with Shanghai.

India Exempts Smaller Rural Banks from FATCA

03/02/2015

The Reserve Bank has exempted regional rural banks with assets of less than $175 million from registering with the American tax authorities under the Foreign Account Tax Compliance Act.

Singapore, UK Open Dialogue on Offshore RMB, Islamic Finance

02/02/2015

Singapore has opened discussions with the United Kingdom on deepening cooperation on financial regulatory reforms and market developments on offshore renminbi (RMB), infrastructure funding, Islamic finance, insurance, and asset management.

IOSCO Sets Risk Standards for Non-Cleared OTC Derivatives

29/01/2015

The International Organization of Securities Commissions has finalized its risk mitigation standards for uncleared over-the-counter derivatives.

S. Korea Plans to Allow Investment in Internet-only Banks

28/01/2015

South Korea plans to revise local banking laws that will allow Internet-only banks to operate in the country.