Australian Banks Welcome US Decision to Adopt Relaxed Ruling on Foreign Banks

21/02/2014

The Federal Reserve has adopted a new rule that will protect the US financial system from potential problems from foreign banks operating in the country.

Securities / Derivatives

Myanmar to Issue Operating Licenses to at Least Five Foreign Banks in July

20/02/2014

The Central Bank of Myanmar mulls the granting of independent operating licenses to at least five foreign banks in July.

China Regulator Seeks Bank Liquidity Coverage Ratio of 100% by 2018

20/02/2014

Chinese banks are urged to keep a liquidity coverage ratio of 100% by 2018.

OECD Sets Global Standard for FATCA-Inspired Tax Information Exchange

19/02/2014

The Organization for Economic Cooperation and Development sets worldwide standard for tax information exchange among member countries.

Securities / Derivatives

Malaysian Banks Told to Keep Minimum 1.2% CA Allowance

19/02/2014

Malaysian Banks have been told to have a minimum collective assessment (CA) ratio of 1.2% by the end of next year.

India’s Regulator Seeks Consolidated Report on Listed Companies’ Information

19/02/2014

The Securities and Exchange Board of India proposes that companies prepare annual documents bearing all relevant information about their operations.

Securities / Derivatives

Philippine Central Bank Readies Capital Market Reforms

19/02/2014

The Philippine central bank is eyeing new measures to further develop the country’s capital markets.

Singapore Banks to Stop Setting Indonesia Foreign Exchange Reference Rate

18/02/2014

Banks in Singapore are to stop setting a reference rate for the Indonesian rupiah after March 27.

Japan Regulator Seeks to Penalise Foreign Firm for Stock Manipulation

18/02/2014

The Securities and Exchange Surveillance Commission seeks to penalise Select Vantage Inc. for stock manipulation.