China, Switzerland Sign Currency Swap Agreement

22/07/2014

China’s central bank announced it signed a bilateral currency swap agreement with the Swiss National Bank worth 150 billion yuan, or 21 billion Swiss francs ($24.4 billion).

Singapore Plans Stronger Safeguards for Investors

22/07/2014

The Monetary Authority of Singapore will require providers of investment products to rate their offerings for complexity and risks, as part of measures aimed at enhancing regulatory framework to safeguard investors’ interests.

Australian Banks Face Pressure Over Real Estate Loans to Foreigners

22/07/2014

Australian banks are coming under scrutiny as politicians investigate their role in helping fund foreign investment in real estate.

Securities / Derivatives

Hong Kong Starts Consultation on New OTC Derivatives Reporting Rules

21/07/2014

The Hong Kong Monetary Authority and the Securities and Futures Commission are seeking industry views on rules regarding mandatory reporting and related record-keeping obligations under the new over-the-counter (OTC) derivatives regime.

Securities / Derivatives

Singapore Tightens Rules Against Money Laundering and Terrorist Financing

19/07/2014

The Monetary Authority of Singapore is requiring banks and other financial institutions to perform a risk assessment on money laundering and terrorist financing at a wider institutional level, beyond the assessment of individual customers.

Securities / Derivatives

Taiwan Relaxes Rules on Private Equity Funds

15/07/2014

Taiwan’s Financial Supervisory Commission has relaxed regulation on private equity by allowing domestic asset managers to raise funds for commodity-linked PE investments.

Securities / Derivatives

Indonesia Plans Tougher Rules for Foreign Banks

15/07/2014

A new draft of Indonesia’s banking bill has revealed that lawmakers plan to restrict the operation of foreign banks, setting a deadline for them to become legal entities in the form of Perseroan Terbatas (PT) and capping the level of foreign ownership.

China Regulator Issues New Rules for Private Equity Funds

14/07/2014

The China Securities Regulatory Commission has published draft regulation requiring private equity funds to register their businesses and comply with stricter disclosure rules.

Securities / Derivatives

China Eases Asset Restructuring Rules for Listed Firms

12/07/2014

The China Securities Regulatory Commission is relaxing rules for listed firms to buy, sell or swap assets in a bid to encourage mergers and acquisitions in the market.