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.

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.

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.

Alibaba Affiliated Online Bank to Commence Operations

01/06/2015

The CBRC has given the green light for MYbank to start operating in June.

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.

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.

China Expects $2.5 Trillion Silk Road Trade Boosting RMB

28/05/2015

China’s New Silk Road project that will link the country to key markets in Asia all the way to Europe is expected to generate $2.5 trillion in trade in 10 years and boost renminbi’s use.

Investment Banks Need Corporate Culture Shift, says ASIC

28/05/2015

ASIC has issued reports to the boards of several investment banks on potential deficiencies in their corporate culture.

Australia’s RBA to Monitor Underground Home Loans

27/05/2015

The Reserve Bank said the use of lending controls on banks can only be pushed so far, warning that it could also drive buyers elsewhere for their loans.