Payments & Settlements

Indonesia to Ease Banking Restrictions on Foreigners

10/09/2015

Indonesia’s Financial Services Authority will allow foreigners to open dollar savings accounts at local banks in a bid to further improve foreign exchange liquidity in the country.

Anti-Money Laundering

Indonesia to Adopt Global Standard for Tax Information Exchange

09/09/2015

Indonesia’s government is looking to adopt global standards for the automatic exchange of financial information in 2017, in a bid to address tax revenue issues.

Trading & Investment

India’s MAT Ruling Welcomed by Industry

09/09/2015

Government’s decision to waive the controversial minimum alternate tax on capital gains made by foreign investors retrospectively welcomed by cross-section of industry.

Payments & Settlements

Myanmar to Adopt Real-Time Clearing and Settlement

09/09/2015

The Central Bank of Myanmar is planning to adopt a real-time gross settlement system for the first time by the end of this year.

Trading & Investment

Bombay Stock Exchange Allows Roll-Over of Securities Loans

09/09/2015

The Bombay Stock Exchange has launched a roll-over facility for securities lending and borrowing in a bid to increase participation in the currently very shallow SLB market.

Cloud & Infrastructure

Malaysia Launches New Fintech Initiative

09/09/2015

Malaysia’s Securities Commission has announced a new initiative aimed at driving interest towards the development of financial technology sector.

Operational Risk

HKMA Issues New Guidance on E-Banking Risk Management

09/09/2015

The Hong Kong Monetary Authority has issued a revised version of the Supervisory Policy Manual for risk management of electronic banking services.

Trading & Investment

Hong Kong-China Trading Links to Be Delayed

08/09/2015

Hong Kong Exchanges and Clearing chief says the recent turmoil in China’s equity market will delay future programs to connect Hong Kong with the mainland markets.

Capital Adequacy

Indonesia Eases Mark-to-Market Rules on Local Debt

08/09/2015

Indonesia’s Financial Services Authority has relaxed mark-to-market rules for debt securities held by insurance companies and pension funds in a bid to boost demand for local debt.