China’s Central Bank Intervenes to Stabilise Yuan

14/08/2015

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.

RBI Seeks Greater Oversight Over Co-Operative Banks

14/08/2015

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 / Derivatives

Indonesia Court Shoots Down Challenge to Banking Regulator’s Authority

14/08/2015

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.

Brokers Ask SEBI to Introduce Algorithmic Trading Controls

13/08/2015

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.

S. Korea Regulator to Set Up Corporate Restructuring Entity

13/08/2015

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.

Taiwan Bank Approved for Consumer Finance JV in China

13/08/2015

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.

Regulatory Initiatives Responsible for Declining Bond Market Liquidity

13/08/2015

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 Licenses More Local Governments to Operate “Bad Banks”

13/08/2015

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.

Certificates of Deposit Push Banks to Shift to New Norm

12/08/2015

The PBOC issued the Interim Measures for the Administration of Certificates of Deposit in June this year, an examination into the impact of the recent notice.