S. Korea to Revise Bank Law to Encourage Internet-Only Banks

24/06/2015

South Korea’s Financial Services Commission (FSC) said it will revise the Bank Law to encouraging ownership of Internet-only banks by non-financial companies.

S. Korea to Ease Regulations for Bank Holding Firms

24/06/2015

South Korea’s Financial Services Commission will lift barriers to allow affiliates of large banking groups to engage in cross-sector business starting next year.

ASIC Blocks Interactive Brokers from FX Business in Australia

24/06/2015

The Australian Securities & Investments Commission has told Interactive Brokers to stop offering over-the-counter currency trading in Australia as it does not have the right license to operate.

Operating Hours of Yuan Liquidity Facility Extended by HKMA

24/06/2015

The Hong Kong Monetary Authority announced that it will extend the operating hours of the intraday repo under the Renminbi Liquidity Facility from July 20.

HKEx Commodity Connect Scheme Faces Obstacles

24/06/2015

HKEx chances of duplicating in metals its success in connecting with stock traders on the mainland may be diminishing.

HKEx to Revive Closing Auction System, Impose Volatility Controls

24/06/2015

The Hong Kong Exchanges and Clearing board has approved two major reforms to regulate stock price movements to be implemented next year.

Securities / Derivatives

Indonesia Regulator May Ease Foreign Ownership Rules for Islamic Banks

24/06/2015

Indonesia’s Financial Services Authority says it may ease foreign ownership requirements in cases where an overseas bank plans to convert an Indonesian commercial lender to an Islamic one.

Asset Managers Do Not Pose Systemic Risk, Says Medcraft

23/06/2015

Australian Securities and Investments Commission chairman Greg Medcraft dismisses concerns that large asset managers pose a systematic risk to the financial system.

New Governance Code May Help Japanese Banks Reduce Holdings of Client Stocks

23/06/2015

Japan’s new corporate governance code may enable banks to sell off holdings of clients’ stocks and free up their balance sheets.