S. Korea’s UAMCO to Lead Corporate Restructuring from November

21/10/2015

South Korea’s Financial Services Commission says that next month it will expand the role of a leading bad asset management firm in overhauling debt-laden companies, in an effort to speed up corporate restructuring in the country.

APRA Releases FAQs on Super Fund Governance Consultation

19/10/2015

The Australian Prudential Regulation Authority has released a set of FAQs responding to questions raised in relation to its consultation package on super fund governance arrangements.

China Targets “Black Banks” in Anti-Graft Campaign

19/10/2015

Crackdown on illegal lending and money-laundering operations in a bid to prevent outbound flows of stolen assets.

Securities / Derivatives

Indonesia Expects Myanmar Banking Deal by Year-End

18/10/2015

Indonesia’s Financial Services Authority (OJK) expects to seal a bilateral deal with Myanmar’s banking regulator before the end of the year.

Japan Seeks to Impose Capital Rules on Insurers

18/10/2015

FSA wants domestic insurance companies to adopt an emerging set of international capital standards sometime around 2020.

RBA Designates Payment Systems for Regulatory Review

18/10/2015

The Reserve Bank of Australia has announced it has designated a number of card companies under the Payment Systems Act.

India Bourse Offers Incentives to Boost ETF Segment

17/10/2015

The National Stock Exchange of India has started its new incentive scheme for market makers to boost liquidity in exchange traded funds.

Securities / Derivatives

Withholding Tax on Bank Transactions is Illegal, says Pakistan Economy Watch

17/10/2015

Independent forum Pakistan Economy Watch says the withholding tax imposed on bank transactions is illegal and unethical, and violates the basic rights of the banked population.

Seven Banks Named in Hong Kong Data Breach

16/10/2015

The Hong Kong Monetary Authority has named seven banks that breached data rules requiring them not to store unsecured cardholders’ names on contactless chips.