India Exempts Smaller Rural Banks from FATCA

03/02/2015

The Reserve Bank has exempted regional rural banks with assets of less than $175 million from registering with the American tax authorities under the Foreign Account Tax Compliance Act.

Singapore, UK Open Dialogue on Offshore RMB, Islamic Finance

02/02/2015

Singapore has opened discussions with the United Kingdom on deepening cooperation on financial regulatory reforms and market developments on offshore renminbi (RMB), infrastructure funding, Islamic finance, insurance, and asset management.

IOSCO Sets Risk Standards for Non-Cleared OTC Derivatives

29/01/2015

The International Organization of Securities Commissions has finalized its risk mitigation standards for uncleared over-the-counter derivatives.

S. Korea Plans to Allow Investment in Internet-only Banks

28/01/2015

South Korea plans to revise local banking laws that will allow Internet-only banks to operate in the country.

Singapore Exchange, Clearbridge Ink Crowdfunding Platform Deal

27/01/2015

Singapore Exchange said it is partnering with venture capital firm Clearbridge Accelerator Pte Ltd to develop a capital-raising platform for entrepreneurs and small and medium-sized enterprises in Asia.

Hong Kong to Boost Capital Buffer as Adopts Basel Norm

27/01/2015

Hong Kong Monetary Authority aims to create adequate capital buffer to boost the resilience of the city’s banking system with the adoption of global cash buffer standards next year.

China Banking Regulator Plans Major Revamp

26/01/2015

The China Banking Regulatory Commission (CBRC) said it began a major restructuring of its departments for the first time in view of more regulatory and structural changes in the banking industry.

US Approves SGX’s Board of Trade Registration

23/01/2015

The U.S. Commodity Futures Trading Commission (CFTC) has approved Singapore Exchanges’ (SGX) registration as a Foreign Board of Trade (FBOT), allowing US-based clients access to SGX’s derivatives trading platform.

Hong Kong Refines Plan for Stronger Financial System

22/01/2015

Hong Kong financial regulators is seeking public views on specific aspects of so-called resolution regime for financial institutions that should make the city’s financial system stable and resilient in the face of crisis and economic shocks.