Banks in Asia-Pacific are strengthening accountability regarding risk roles and responsibilities and are boosting communication about risk expectations driven in part by tougher bank regulations, international accounting firm EY says.
Singapore Exchange is relaxing rules for secondary-listed companies to encourage more listings in the southeast Asian city.
Clearing houses in Australia, Hong Kong, Japan, and Singapore have received a go-ahead from the European Commission to clear standardised OTC derivatives for EU-based banks and other market participants as part of reforms in the global derivatives market.
The Australian Securities and Investment Commission is lobbying for expanded powers to receive telecommunications data from law enforcement bodies to fight financial crime.
The International Organization of Securities Commissions has released an update on a report that provides regulators and market participants with consolidated information on the clearing requirements of different jurisdictions.
ISDA 2014 Annual Asia Pacific Conference Part Two: Participants try to standardise derivative trading rules
ISDA 2014 Annual Asia Pacific Conference Part One: Revealing the reform process
The Hong Kong Monetary Authority and Banque de France have signed an agreement to cooperate in enhancing the offshore renminbi business between the two jurisdictions.
China has allowed the direct trade between its currency and the Singapore dollar, helping to boost business ties between the two economies.
Hong Kong Monetary Authority has issued the revised capital and liquidity rules for the banking sector in view of the second phase of Basel III requirements which will take effect from January next year.