Singapore Allows Banks to Test Fintech Innovation Without Seeking Approval

02/07/2015

The Monetary Authority of Singapore said financial institutions are free to test certain digital innovations without the approval of the regulator, while announcing other initiatives aimed at boosting the fintech sector.

MAS Consults on Proposed Regulations for OTC Derivatives Clearing

02/07/2015

The Monetary Authority of Singapore has issued a consultation paper on proposed regulations for central clearing of over-the-counter derivative contracts.

IOSCO Publishes Consultation Paper on Fees and Expenses of Investment Funds

01/07/2015

The International Organization of Securities Commissions (IOSCO) has published a consultation report proposing an updated set of common international standards of best practice for investment funds.

China to Allow More Privately-Owned Banks

30/06/2015

The China Banking Regulatory Commission has issued guidelines for the setting up of more privately-owned banks in the China.

India’s Pension Regulator Seeks to Ensure Protection for Subscribers

30/06/2015

The Pension Fund Regulatory and Development Authority is collecting information on unregulated pension funds, with the aim of bringing them under regulatory oversight.

Super Funds to Require More Independent Directors

30/06/2015

The Australian Prudential Regulatory Authority will amend its prudential standards to support the effective implementation of government proposals to improve independence of super fund governance.

Indian Banks Struggling to Restructure Debt

30/06/2015

Indian Banks are having a difficult time restructuring debt in spite of new rules the Reserve Bank of India has put forward to help them.

India Banks Will Need More Capital to Meet Basel III

29/06/2015

The Reserve Bank of India has said that public sector banks are adequately capitalised, but they will need additional funds to comply with international capital adequacy norms in the future.

Hong Kong OTC Derivatives Reporting Regime to Take Effect July 10

29/06/2015

The HKMA advises all licensed banks to follow its guidance to ensure a smooth transition in the upcoming migration to the new OTC derivatives reporting regime.