Japan to Urge Banks to Appoint Outside Board Members for Transparency

24/01/2014

Japanese regulators plan to call on banks and their holding companies to appoint outside directors as members of their board to enhance transparency in management.

India Pulls Out Old Currency Notes, Curbs ‘Black Money’

24/01/2014

The Reserve Bank said it will withdraw all currency notes issued prior to 2005 from March 31, in an apparent move aimed at curbing black money and fake currencies.

Kinetic Partners: Attitude Towards Regulation Softens, Highlights Need for Global Coordination

23/01/2014

Business executives’ attitude toward regulation improves, but the need for global coordination remains, a survey by consulting and advisory firm Kinetic Partners reveals.

China Relaxes Bank Rules to Write Off Small Loans

22/01/2014

China moves ahead with reforms to overhaul its financial system as it eases bank rules on loan write-offs, while offering small lenders better access to funds.

S. Korea Regulator Eyes Overhaul of Anti-Piracy Policy to Combat Data Theft

22/01/2014

The country’s financial industry watchdog plans an overhaul of anti-piracy polices to fight data breach.

Singapore Exchange to Introduce Circuit Breakers Next Month

22/01/2014

Southeast Asia’s biggest bourse is introducing circuit breakers on February 24 as an additional market safeguard.

Securities / Derivatives

Bursa Malaysia Plans Tighter Depository Rules

22/01/2014

Bursa Malaysia Depository Sdn. Bhd invites comments on a consultation paper seeking feedback on the proposed amendments to the Rules of Bursa Malaysia Depository to close dormant accounts.

Securities / Derivatives

Indonesia to Stimulate Financial Sector in Funding Export-Based Industries

22/01/2014

The Financial Services Authority (OJK) said it will strengthen its intermediation function and work toward the stability of the financial services sector in support of export-based industries and other “productive sectors.”

US May Delay FATCA Implementation

22/01/2014

The Foreign Account Tax Compliance Act (FATCA) may be delayed again by another six months due to pending intergovernmental agreements between the U.S. and other countries.