Payments & Settlements

MAS Reprimands SGX for Market Outages

25/06/2015

The Monetary Authority of Singapore has reprimanded the Singapore Exchange for lapses related to market outages and is directing it to improve recovery capabilities and processes.

Credit Risk

S. Korea to Lower Max Loan Rate for Subprime Borrowers

25/06/2015

South Korea’s Financial Services Commission announced it will lower the interest rate ceiling for subprime loans later this year, from 34.9 percent to 29.9 percent.

Structural Regulation

S. Korea to Revise Bank Law to Encourage Internet-Only Banks

24/06/2015

South Korea’s Financial Services Commission (FSC) said it will revise the Bank Law to encouraging ownership of Internet-only banks by non-financial companies.

Structural Regulation

S. Korea to Ease Regulations for Bank Holding Firms

24/06/2015

South Korea’s Financial Services Commission will lift barriers to allow affiliates of large banking groups to engage in cross-sector business starting next year.

Structural Regulation

ASIC Blocks Interactive Brokers from FX Business in Australia

24/06/2015

The Australian Securities & Investments Commission has told Interactive Brokers to stop offering over-the-counter currency trading in Australia as it does not have the right license to operate.

Payments & Settlements

Operating Hours of Yuan Liquidity Facility Extended by HKMA

24/06/2015

The Hong Kong Monetary Authority announced that it will extend the operating hours of the intraday repo under the Renminbi Liquidity Facility from July 20.

Trading & Investment

HKEx Commodity Connect Scheme Faces Obstacles

24/06/2015

HKEx chances of duplicating in metals its success in connecting with stock traders on the mainland may be diminishing.

Trading & Investment

HKEx to Revive Closing Auction System, Impose Volatility Controls

24/06/2015

The Hong Kong Exchanges and Clearing board has approved two major reforms to regulate stock price movements to be implemented next year.

Structural Regulation

Indonesia Regulator May Ease Foreign Ownership Rules for Islamic Banks

24/06/2015

Indonesia’s Financial Services Authority says it may ease foreign ownership requirements in cases where an overseas bank plans to convert an Indonesian commercial lender to an Islamic one.