Australian Banks Defend Corporate Tax Practices in Senate Inquiry

10/02/2015

Australia’s largest banks were among financial institutions that defended their corporate tax practices in submissions to the Senate inquiry, which is currently looking into the adequacy of the country’s corporate tax laws.

HKEx Plans to Add More HK Stocks in Cross-Border Link

10/02/2015

Hong Kong Exchanges and Clearing Ltd plans to add more stocks to be traded under the Shanghai-Hong Kong cross border trading scheme ahead of the proposed opening of the Shenzhen-Hong Kong link within the year.

India’s RBI Tightens Compliance Amid Iran Export Scam Probe

10/02/2015

The Reserve Bank of India (RBI) has ordered banks to tighten monitoring of export finance deals, saying lenders should ensure that only legitimate export advances flow into India.

Hong Kong Regulator Endorses Revised Banking Code

08/02/2015

The Hong Kong Monetary Authority has endorsed a revised code of banking practice that requires the city’s banks to uphold international banking practices in areas of disclosure and transparency, responsible business conduct and financial education.

Managing Liquidity is Key to Risk Control

06/02/2015

Meeting cash and liquidity management standards in Basel III are driving the development of advanced systems.

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.