China Expands Debt Swap Programme for Local Govts

02/09/2015

China’s cabinet has imposed a 16 trillion yuan ceiling on local government debt for 2015 and expanded the debt swap programme to 3.2 trillion yuan from 2 trillion yuan.

Japan Regulatory Change Sees Bloomberg ETP Launch

02/09/2015

Bloomberg Tradebook and Tradeweb Markets have launched their electronic trading platforms in Japan for banks and securities firms mandated to start using electronic platforms for specified OTC derivative transactions.

Chinese Police Detain Suspects for Stock Market Violations

01/09/2015

A securities watchdog official, four senior executives of a major brokerage, and a reporter have all reportedly confessed to stock market violations and been detained.

Securities / Derivatives

Philippine Regulator Seeks to Bypass Bank Secrecy Law

01/09/2015

The Securities and Exchange Commission of the Philippines is seeking leeway from Congress to scrutinise bank records so as to respond promptly when there are cases of securities violation.

China Scraps Loan-to-Deposit Cap on Bank Lending

01/09/2015

China’s cabinet has voted to scrap the 75 percent loan-to-deposit cap on bank lending, and instead use the ratio only as a liquidity-monitoring indicator.

Securities / Derivatives

Vietnam to Issue New Type of Bonds for Bad Debt

01/09/2015

The State Bank of Vietnam has issued a circular allowing the Vietnam Asset Management Company to issue a new type of bond to financial institutions selling bad debts.

China Looks to Develop Pension Insurance Sector

01/09/2015

The China Insurance Regulatory Commission has rolled out new regulations on pension fund management in a bid to encourage the insurance industry’s participation in developing China’s pension system.

China Tightens Rules on Stock Index Futures

01/09/2015

The China Securities Regulatory Commission has increased margin requirements on stock index futures contracts and narrowed the number of contracts that traders can open in a bid to curb speculation.

Australia Payments System Board signs MoU with Payments Council

01/09/2015

The Memorandum of Understanding sets out a framework for engagement between the two bodies and will enhance industry coordination in dealing with cooperative issues that arise in the payments system.