Capital Adequacy

Regulator to Respond on Raising Capital Levels at Australian Banks

03/07/2015

The Australian Prudential Regulation Authority is expected to respond this month (July) to Financial System Inquiry recommendations urging it to increase bank capital.

Payments & Settlements

Indonesia Bans Foreign Currencies in Domestic Transactions

02/07/2015

Indonesia’s central bank has banned the use of foreign currencies for domestic transactions to control onshore demand for dollars and ease downward pressure on the rupiah, effective on July 1.

Cloud & Infrastructure

Singapore Allows Banks to Test Fintech Innovation Without Seeking Approval

02/07/2015

The Monetary Authority of Singapore said financial institutions are free to test certain digital innovations without the approval of the regulator, while announcing other initiatives aimed at boosting the fintech sector.

Clearing & Post-Trade

MAS Consults on Proposed Regulations for OTC Derivatives Clearing

02/07/2015

The Monetary Authority of Singapore has issued a consultation paper on proposed regulations for central clearing of over-the-counter derivative contracts.

Trading & Investment

IOSCO Publishes Consultation Paper on Fees and Expenses of Investment Funds

01/07/2015

The International Organization of Securities Commissions (IOSCO) has published a consultation report proposing an updated set of common international standards of best practice for investment funds.

Structural Regulation

China to Allow More Privately-Owned Banks

30/06/2015

The China Banking Regulatory Commission has issued guidelines for the setting up of more privately-owned banks in the China.

Structural Regulation

India’s Pension Regulator Seeks to Ensure Protection for Subscribers

30/06/2015

The Pension Fund Regulatory and Development Authority is collecting information on unregulated pension funds, with the aim of bringing them under regulatory oversight.

Structural Regulation

Super Funds to Require More Independent Directors

30/06/2015

The Australian Prudential Regulatory Authority will amend its prudential standards to support the effective implementation of government proposals to improve independence of super fund governance.

Credit Risk

Indian Banks Struggling to Restructure Debt

30/06/2015

Indian Banks are having a difficult time restructuring debt in spite of new rules the Reserve Bank of India has put forward to help them.