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.
The Hong Kong Exchanges and Clearing said there is no firm date for the launch of the much-awaited cross-border stock trading scheme between the Hong Kong and Shanghai bourses.
Philippines’ central bank has raised the minimum capital requirement for all banks in a bid to boost the country’s banking system.
India's securities regulator said stock brokers that are not with banks can take proprietary positions in currency derivatives as long as they do not exceed 15% of total open interest or not over $50 million.
Regulatory concerns surrounding the Shanghai-Hong Kong stock connect including the issue of tax on share gains have compelled asset managers and banks to ask the city’s regulator for a month’s notice before implementing the cross-border stock scheme.
The Reserve Bank of Australia and the banking industry are looking to change the payment methods in the country to deliver real-time, accessible fund transfers to the community.
The Securities and Futures Commission and the China Securities Regulatory Commission have signed an agreement to strengthen cross-boundary regulatory and enforcement cooperation ahead of the implementation of the Shanghai-Hong Kong Stock Connect scheme.
Financial market infrastructures, which include payment systems and central securities depositories, are urged to develop a recovery plan to ensure that they can offer critical services to the market even during a crisis and avert any systemic disruptions.
Malaysia’s central bank is seeking industry views on proposals to amend the Development Financial Institutions Act 2002 to further strengthen the industry.
Financial institutions in Asia Pacific are proactively reconciling their portfolios and managing their collateral disputes in view of impending regulatory changes in the region, said TriOptima, provider of OTC derivative post trade services.