China Allows Direct Trading of Renminbi, Singapore Dollar

28/10/2014

China has allowed the direct trade between its currency and the Singapore dollar, helping to boost business ties between the two economies.

Hong Kong to Implement Revised Capital and Liquidity Rules for Banks

27/10/2014

Hong Kong Monetary Authority has issued the revised capital and liquidity rules for the banking sector in view of the second phase of Basel III requirements which will take effect from January next year.

HKEx Says No Firm Schedule for Shanghai-HK Stock Connect

25/10/2014

The Hong Kong Exchanges and Clearing said there is no firm date for the launch of the much-awaited cross-border stock trading scheme between the Hong Kong and Shanghai bourses.

Securities / Derivatives

Philippine Regulator Hikes Minimum Capital for Banks

24/10/2014

Philippines’ central bank has raised the minimum capital requirement for all banks in a bid to boost the country’s banking system.

India’s SEBI Allows Some Brokers to Take Proprietary Positions in FX Trade

23/10/2014

India’s securities regulator said stock brokers that are not with banks can take proprietary positions in currency derivatives as long as they do not exceed 15% of total open interest or not over $50 million.

Asian Banks, Investors Request Notice on Cross-Border Stock Trade

23/10/2014

Regulatory concerns surrounding the Shanghai-Hong Kong stock connect including the issue of tax on share gains have compelled asset managers and banks to ask the city’s regulator for a month’s notice before implementing the cross-border stock scheme.

Australia Eyes Real-time Pay Methods

23/10/2014

The Reserve Bank of Australia and the banking industry are looking to change the payment methods in the country to deliver real-time, accessible fund transfers to the community.

Hong Kong, China Sign Cooperation Ahead of Cross-border Stock Scheme

20/10/2014

The Securities and Futures Commission and the China Securities Regulatory Commission have signed an agreement to strengthen cross-boundary regulatory and enforcement cooperation ahead of the implementation of the Shanghai-Hong Kong Stock Connect scheme.

IOSCO, CPMI Issue Report on Recovery of Financial Market Infrastructures

20/10/2014

Financial market infrastructures, which include payment systems and central securities depositories, are urged to develop a recovery plan to ensure that they can offer critical services to the market even during a crisis and avert any systemic disruptions.