Editors, Regulation Asia

Posts By Editors, Regulation Asia

• Hong Kong

  SFC Reveals Direct Pathway for HK Brokers to Deal with US Customers

  Hong Kong’s Securities and Futures Commission has issued a circular describing the application procedure for certain licensed corporations to deal directly with customers in the United States.

• Australia & NZ

  APRA Updates Guidelines on the Use of Restricted Banking Terms

  The Australian Prudential Regulation Authority has released updated guidelines in relation to the use of restricted terms in banking services.

• China

  China’s Central Bank Intervenes to Stabilise Yuan

  The People’s Bank of China ordered state banks to buy yuan, at designated rates on behalf of the monetary authorities, to stem the currency’s slide.

• India

  RBI Seeks Greater Oversight Over Co-Operative Banks

  The Reserve Bank of India has asked the government to amend laws which will allow the regulator to grant commercial bank licences to urban co-operative banks.

• Securities & Trading

  Indonesia Court Shoots Down Challenge to Banking Regulator’s Authority

  Indonesia’s constitutional court has rejected a judicial review filed by a group challenging the legal basis for the establishment of the Financial Services Authority (OJK), saying that the regulator did not violate the 1945 Constitution.

• India

  Brokers Ask SEBI to Introduce Algorithmic Trading Controls

  Brokers have asked the Securities and Exchange Board of India to put in place a ‘risk layer’ framework to manage the interaction between participants and exchanges, in order to prevent stock manipulation by algorithmic traders.

• Korea

  S. Korea Regulator to Set Up Corporate Restructuring Entity

  South Korea's Financial Services Commission will set up a corporate restructuring entity in mid-October, in a bid to help ailing companies restructure and stay afloat as long as possible.

• China

  Taiwan Bank Approved for Consumer Finance JV in China

  Taiwan’s Financial Supervisory Commission has granted approval for CTBC Bank to become the first Taiwanese bank set up a consumer financing joint venture in China.

• International

  Regulatory Initiatives Responsible for Declining Bond Market Liquidity

  The Global Financial Markets Association and the Institute for International Finance have released a new report from PwC on the state of global debt market liquidity, urging regulators to revisit parts of the post-financial crisis supervisory framework.

• China

  China Licenses More Local Governments to Operate “Bad Banks”

  The China Banking Regulatory Commission has granted new “bad bank” licences to the provincial governments of Ningxia and Guangxi, allowing them to buy up and restructure bad debt from the balance sheets of rural credit cooperatives and local banks.