Regulation Asia relies on a team of journalists, writers and editors to cover regulatory announcements across Asia Pacific. editorial@regulationasia.com
Australia’s ASIC Investigates Wealth Managers over Advice Fees
16/04/2015
The Australian Securities and Investments Commission (ASIC) is investigating some of the country’s biggest wealth managers for charging clients for financial advice even when no advice has been provided.
Securities / Derivatives
Taiwan Tightens Rules on Banks’ Risk Exposure in China
14/04/2015
Taiwan’s Financial Supervisory Commission (FSC) has asked banks to increase their allowance for risk exposure when they extend credit and establish short term trade balances with Chinese banks.
Trade Groups Urge Beijing to Halt Bank Technology Rules
14/04/2015
Trade groups from the US, Europe and Japan urged China to suspend guidelines that may shut out foreign technology suppliers in the country’s banking industry.
China Reinforces Lending Roles of Policy Banks
13/04/2015
China’s State Council has approved a plan to reform China Development Bank and two other lenders to make them more responsive in funding initiatives in line with the country’s growth policies.
S. Korea, Austria, Spain New Founding Members of China-led Infrastructure Bank
13/04/2015
Austria, Spain and South Korea have been recognized as founding members of the China-led Asia Infrastructure and Investment Bank (AIIB), the Chinese Finance Ministry said.
Securities / Derivatives
Foreign Banks to Open Branches in Myanmar
10/04/2015
Two Japanese and one Singaporean bank will become the first foreign banks to operate in Myanmar in over 50 years, after receiving final regulatory approval from the central bank.
HKEx Likely to Raise Trading Cap for Stock Connect
10/04/2015
Hong Kong Exchanges and Clearing Ltd (HKEx) plans to expand quotas for the cross-border stock program between Hong Kong and Shanghai, its top executive said.
Implications of China’s Looming Market Evolution
10/04/2015
Implications of market structure changes for surveillance and risk management professionals.
S. Korea’s Internet-Only Banks to Launch This Year
09/04/2015
South Korea’s financial regulator believes the country will see the launch of its first Internet-only bank this year, as measures are being hammered out with major IT firms like Naver Corp. and Daum Kakao Corp. to encourage them to invest in the online banking industry.
India Warns of Penalties on Companies Without Women Directors
09/04/2015
India’s market regulator said it will take action against directors of companies that do not comply with a new rule requiring at least one woman to be on their board by October.
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