Emerging Prudential Risks

Indonesia to Announce D-SIBS After New Crisis Management Law is Passed

17/08/2015

Indonesia’s Financial Services Authority says it will announce the country’s domestic systematically important banks after the new law on the Financial System Safety Net is passed.

Structural Regulation

SFC Reveals Direct Pathway for HK Brokers to Deal with US Customers

17/08/2015

Hong Kong’s Securities and Futures Commission has issued a circular describing the application procedure for certain licensed corporations to deal directly with customers in the United States.

Capital Adequacy

APRA Updates Guidelines on the Use of Restricted Banking Terms

17/08/2015

The Australian Prudential Regulation Authority has released updated guidelines in relation to the use of restricted terms in banking services.

Trading & Investment

China’s Central Bank Intervenes to Stabilise Yuan

14/08/2015

The People’s Bank of China ordered state banks to buy yuan, at designated rates on behalf of the monetary authorities, to stem the currency’s slide.

Structural Regulation

RBI Seeks Greater Oversight Over Co-Operative Banks

14/08/2015

The Reserve Bank of India has asked the government to amend laws which will allow the regulator to grant commercial bank licences to urban co-operative banks.

Structural Regulation

Indonesia Court Shoots Down Challenge to Banking Regulator’s Authority

14/08/2015

Indonesia’s constitutional court has rejected a judicial review filed by a group challenging the legal basis for the establishment of the Financial Services Authority (OJK), saying that the regulator did not violate the 1945 Constitution.

Market Abuse

Brokers Ask SEBI to Introduce Algorithmic Trading Controls

13/08/2015

Brokers have asked the Securities and Exchange Board of India to put in place a ‘risk layer’ framework to manage the interaction between participants and exchanges, in order to prevent stock manipulation by algorithmic traders.

Resolution & Recovery

S. Korea Regulator to Set Up Corporate Restructuring Entity

13/08/2015

South Korea’s Financial Services Commission will set up a corporate restructuring entity in mid-October, in a bid to help ailing companies restructure and stay afloat as long as possible.

Structural Regulation

Taiwan Bank Approved for Consumer Finance JV in China

13/08/2015

Taiwan’s Financial Supervisory Commission has granted approval for CTBC Bank to become the first Taiwanese bank set up a consumer financing joint venture in China.