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.

Super Funds Oppose Plan for Independent Directors

16/10/2015

Union-backed superannuation funds are urging Australia’s prime minister to scrap new legislation which would force them to ensure that one-third of directors including the chairman are independent.

Super Funds, Tax Policy Holding Back Bond Market

16/10/2015

David Murray has pointed the finger at superannuation fund trustees and a distortive tax system for Australia’s underdeveloped corporate bond market, which he says is hurting companies and retirees.

SEBI Seeks to End Rating Suspensions by Agencies

16/10/2015

The Securities and Exchange Board of India has asked credit rating agencies to suggest ways to avoid rating suspensions if a company stops providing adequate information.

Reinventing Regulation

16/10/2015

Concern about regulation should take a backseat to discussions on how to reinvent the regulatory framework.

FATF Prioritising Terrorist Financing and De-risking

16/10/2015

President of money laundering task force sets agenda at Compliance Forum on SIBOS Day 2

Japan Launches New Payment and Settlement System

15/10/2015

The Bank of Japan has launched its renewed payment and settlement system BOJ-NET, its latest efforts to internationalise the Japanese yen,

Hong Kong, China to Strengthen Information Exchange

15/10/2015

Hong Kong’s Securities and Futures Commission is looking to strengthen information sharing and cooperation with the China Securities Regulatory Commission to guard against market misconduct.

S. Korea Probes Four Foreign Banks on Derivatives

15/10/2015

The Financial Supervisory Service is looking into the derivatives transactions of four foreign banks which have jumped abnormally amid a gradual decline among other banks since since last year.