RBA Designates Payment Systems for Regulatory Review

18/10/2015

The Reserve Bank of Australia has announced it has designated a number of card companies under the Payment Systems Act.

India Bourse Offers Incentives to Boost ETF Segment

17/10/2015

The National Stock Exchange of India has started its new incentive scheme for market makers to boost liquidity in exchange traded funds.

Securities / Derivatives

Withholding Tax on Bank Transactions is Illegal, says Pakistan Economy Watch

17/10/2015

Independent forum Pakistan Economy Watch says the withholding tax imposed on bank transactions is illegal and unethical, and violates the basic rights of the banked population.

Seven Banks Named in Hong Kong Data Breach

16/10/2015

The Hong Kong Monetary Authority has named seven banks that breached data rules requiring them not to store unsecured cardholders’ names on contactless chips.

Super Funds Oppose Plan for Independent Directors

16/10/2015

Union-backed superannuation funds are urging Australia’s prime minister to scrap new legislation which would force them to ensure that one-third of directors including the chairman are independent.

Super Funds, Tax Policy Holding Back Bond Market

16/10/2015

David Murray has pointed the finger at superannuation fund trustees and a distortive tax system for Australia’s underdeveloped corporate bond market, which he says is hurting companies and retirees.

SEBI Seeks to End Rating Suspensions by Agencies

16/10/2015

The Securities and Exchange Board of India has asked credit rating agencies to suggest ways to avoid rating suspensions if a company stops providing adequate information.

Reinventing Regulation

16/10/2015

Concern about regulation should take a backseat to discussions on how to reinvent the regulatory framework.

FATF Prioritising Terrorist Financing and De-risking

16/10/2015

President of money laundering task force sets agenda at Compliance Forum on SIBOS Day 2