Shorter Settlement Cycle in US Markets to Boost Efficiency, Cut Risks for Asia, Says DTCC

24/04/2014

The Depository Trust & Clearing Corporation has thrown its support behind a move to shorten the settlement cycle in the US financial markets for equities, bond and other trades.

Basel Banking Committee Appoints Coen as Secretary General

23/04/2014

Basel Committee has appointed William Coen as its next secretary general, for an initial term of three years.

S. Korea’s Regulator Issues Rules for Covered Bond Issuance

23/04/2014

South Korea’s Financial Services Commission has approved a draft regulation on the supervision of covered bond issuance, specifying the qualifications of underlying assets and setting standards for their evaluation.

RBS Fined HK$6m Over Illegal Emerging Markets Trades

22/04/2014

The Royal Bank of Scotland (RBS) has been fined HK$6 million for internal control failures relating to the detection and prevention of unauthorized trading activities.

HKEx Plans to Launch Thermal, Metals Futures This Year

22/04/2014

Hong Kong Exchanges and Clearing will offer renminbi-denominated futures for zinc, copper and nickel, under plans to expand its commodities trading this year.

China Regulators Target Illegal Funds amid Booming E-Finance

22/04/2014

The China Banking Regulatory Commission is stepping up efforts to combat illegal fund-raising over the internet, and aims to roll out an investor education campaign to guide the public.

China Urges Trust Sector to Manage Risks

22/04/2014

China’s banking regulator has urged trust companies to strengthen risk management, listing shareholders’ obligations and ruling out shadow banking.

Singapore, Brunei Regulators Sign Bilateral Cooperation Pact

22/04/2014

The Monetary Authority of Singapore and its counterpart in Brunei have agreed to expand bilateral cooperation into new areas of partnership including monetary management and banking supervision.

China to Boost Rural Lending with Reserve Ratio Cut

22/04/2014

China’s central bank aims to boost credit flow to the rural areas with the decision to cut the reserve requirement ratio for county-level rural commercial banks and rural credit cooperative unions.