Editors, Regulation Asia

Posts By Editors, Regulation Asia

• Securities & Trading

  Philippine Central Bank May Require Banks to Raise Minimum Capital

  Philippine banks may be required to increase their minimum capital by as much as four times, a move that may trigger a consolidation in the local banking sector.

• Korea

  S. Korean Regulator to Ease Requirements on Asset Managers

  South Korea's financial regulator said it plans to ease capital requirements on asset managers starting next year, in a broader deregulation push for the financial sector.

• Securities & Trading

  Myanmar Delays Issuance of Licenses to Foreign Banks

  Myanmar has delayed the announcement of foreign banks that will be allowed to operate in the country.

• Australia & NZ

  New Zealand Banks Balk at Global Initiative Similar to FATCA

  New Zealand could be an early adopter of the multilateral follow-up to the controversial United States Foreign Account Tax Compliance Act (FATCA), but local banks are raising concern about the readiness of the sector for such initiative.

• International

  Fairer Markets Not Always Efficient, Says CMCRC

  A study covering over 30 markets shows that while improving market fairness helps reduce transaction costs, not all market design changes enhance both fairness and efficiency.

• Countries

  Singapore Consults on New FATCA Compliance Rules

  Singapore authorities are seeking industry views on new regulations to help financial institutions in Singapore comply with the US Foreign Account Tax Compliance Act.

• China

  China to Allow Foreign Banks Easier Market Access

  China will remove a ban on foreign banks opening more than one branch in each Chinese city, giving them easier market access.

• Hong Kong

  Hong Kong Regulator Seeks Tougher Vetting Rules for GEM Companies

  The Securities and Futures Commission is recommending that the the city’s stock exchange tighten its vetting process for Growth Enterprise Market-listed (GEM) companies that seek listing on the main board.

• Countries

  Singapore Exchange Seeks Broader Enforcement Powers, Listing Committees

  Singapore Exchange (SGX) is seeking industry views on its bid for broader enforcement powers against market participants that violate its listing rules.

• China

  China’s PBOC Raps Third-Party Payment Firms for False Transactions

  China's central bank has punished four third-party payment companies for mishandling bank card transactions to escape paying higher fees.