ICE Clear Singapore Recognised as Third Country CCP

06/10/2015

Intercontinental Exchange has announced that ICE Clear Singapore has been recognised as a third-country central counterparty in accordance with the European Market Infrastructure Regulation.

Asian Banks Forced to Boost Capital at UK Subsidiaries

06/10/2015

The Bank of England has tightened regulations for foreign banks offering retail services to UK consumers, forcing many overseas lenders to inject more capital into their UK subsidiaries.

Securities / Derivatives

Malaysia Issues New Policy Document on Compliance

05/10/2015

Bank Negara Malaysia (BNM) has released new policy requirements on compliance for financial institutions which will come into effect on January 1, 2017.

Securities / Derivatives

Thailand Enhances Financial Reporting Ecosystem

05/10/2015

Thailand’s Securities and Exchange Commission has launched an initiative to enhance the sustainability of the financial reporting ecosystem.

Hong Kong SFC Chairman Carlson Tong Reappointed

05/10/2015

The Securities and Futures Commission has reappointed Carlson Tong as its chairman for a term of three years effective from October 20, 2015.

Securities / Derivatives

Myanmar Central Bank Releases AML/CTF Guidelines

05/10/2015

The Central Bank of Myanmar has published risk management guidelines for anti-money laundering and counter terrorist financing at financial institutions.

CSRC Considers Lifting IPO Suspension

04/10/2015

The China Securities Regulatory Commission is considering the resumption of initial public offerings, after halting approvals since July amid a domestic stock market meltdown.

New Zealand Reports on First Year of New Conduct Regime

04/10/2015

The Financial Markets Authority has issued the first annual report under the new Financial Markets Conduct Act, highlighting progress in delivering a modern and flexible approach to regulating financial services.

S. Korea Considers Approvals for Internet-Only Banks

04/10/2015

Three consortiums led by IT firms have applied for preliminary licenses to launch the country’s first Internet-only banks.