Market Risk

New Governance Code May Help Japanese Banks Reduce Holdings of Client Stocks

23/06/2015

Japan’s new corporate governance code may enable banks to sell off holdings of clients’ stocks and free up their balance sheets.

Liquidity Risk

Moody’s Sees Korean Banks as Credit Positive

23/06/2015

The high liquidity coverage ratios reported by Korean banks with their March quarterly results are credit positive, according to a report by Moody’s Investors Service.

Trading & Investment

Bank of China Becomes First Asian Firm to Help Set London Gold Price

22/06/2015

Bank of China has been approved to participate in the London Bullion Market Association auction which sets the price of gold in the London market.

Structural Regulation

Malaysia Online Submission System to Shorten Time-to-Market for Financial Products

22/06/2015

Under Malaysia’s Securities Commission’s new framework wholesale products can be launched once the required information is lodged via its online submission system.

Structural Regulation

China Allows Provincial Regulators to Approve Asset-Backed Securities

20/06/2015

China has given powers to the provincial offices of its bank regulator to approve asset-backed securities in a bid to quicken the development of the securitisation market.

Payments & Settlements

CIPS to Launch by Year-End

19/06/2015

The People’s Bank of China has issued a report on RMB internationalisation, which includes confirmation of the year-end launch of its new payments system.

Cryptocurrency

Aussie Banks Test Digital Currency Ripple as New Payments Technology

19/06/2015

ANZ Bank and Westpac have joined Commonwealth Bank in testing new payments technology from US-based group Ripple Labs, representing a possible transformation of the payments industry.

Anti-Money Laundering

Japan, China, U.S. Jointly Push FATF on Virtual Currency Regulation

18/06/2015

Financial authorities of Japan, the United States and China plan to establish joint regulations to prevent the use of virtual currencies to finance illegal activities such as terrorism.

Structural Regulation

India Allows Foreign Venture Funds to Register as Foreign Portfolio Investors

18/06/2015

The Securities and Exchange Board of India says Foreign Venture Capital Investors can be granted status as Foreign Portfolio Investors if they meet certain guidelines.