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Credit Risk
Australian Regulators to Investigate Excessive Credit Card Rates at Banks
02/06/2015
Financial regulators are expected to investigate the record gap between the Reserve Bank of Australia (RBA) official interest rate and credit card rates.
Trading & Investment
Hong Kong Regulator Reprimands BNP for Unreported Cross Trades
02/06/2015
The Securities and Futures Commission (SFC) has reprimanded and fined BNP Paribas Securities (Asia) Limited HK$11 million for failing to report more than HK6 billion of cross trades over a 10-year period.
Conduct, Culture & Accountability
ASIC Proposes Register of “Bad Apple” Stockbrokers
02/06/2015
In an effort to protect investors and boost consumer confidence, ASIC is pushing to create a register which would list stockbrokers’ disciplinary records.
Clearing & Post-Trade
HKEx Plans to Double Clearing Capacity
02/06/2015
In response to substantially increased trading volumes, HKEx plans to double its stock clearing system capacity.
Structural Regulation
RBI Governor Backs PDMA Proposal
02/06/2015
Governor Raghuram Rajan said there was no reason for the RBI to manage public debt and he would be happy if the public debt management function goes to the government.
Conduct, Culture & Accountability
Australia’s Top Regulators Put Banking Culture and Incentives in the Firing Line
01/06/2015
APRA chairman said banks must lift their efforts to ensure remuneration plans encourage ethical behaviour.
Credit Risk
Steps to Cool Property Market Having Positive but Modest Effect, reports RBA
01/06/2015
The Reserve Bank of Australia has reported that its measures to cool investment lending in housing seem to be working.
Structural Regulation
Alibaba Affiliated Online Bank to Commence Operations
01/06/2015
The CBRC has given the green light for MYbank to start operating in June.
Clearing & Post-Trade
ASIC Issues Derivative Transaction Rules for Central Clearing of OTC Trade
29/05/2015
The Australian Securities and Investments Commission is seeking industry views on new derivative transaction rules to govern the mandatory central clearing of over-the-counter trade from April next year.
Anti-Bribery & Corruption
Hong Kong Reviews Impact of FIFA Probe on Banks
28/05/2015
Hong Kong is “monitoring the implications” for banks following bribery and corruption charges against officials of the football governing body FIFA.
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