Singapore Regulator Says Prospectuses Should Be in Plain English

05/02/2015

The Monetary Authority of Singapore is urging issuers of financial products to write their prospectuses in plain English, and present information in a clear, concise and logical manner to better help investors make informed investment decisions.

Singapore, Myanmar to Boost Bilateral Cooperation

04/02/2015

The Central Bank of Myanmar (CBM) and the Monetary Authority of Singapore (MAS) have agreed to strengthen bilateral cooperation on areas including banking supervision.

Hong Kong Readies Direct Stock Link with Shenzhen

03/02/2015

Hong Kong’s top regulator said preparations are under way to connect the city’s stock exchange with Shenzhen’s stock market, similar to the cross-border stock trading scheme with Shanghai.

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.