Chinese Banks Face Rising Financial Risks, Says Economist

08/05/2014

Chinese banks are faced with increasing risks born out of shadow banking, local government debt, bad loans, and looming house price declines.

Australian Securities Regulator Outlines Initiatives to Cut Red Tape

07/05/2014

Australia’s securities regulator has outlined ongoing and new initiatives to cut red tape and lower compliance costs for market participants.

Securities / Derivatives

Indonesia’s Regulator to Promote Domestic Investors Entry in Markets

07/05/2014

The Financial Services Authority (OJK) says it will focus on encouraging more domestic investors into the country’s foreign-dominated capital market.

IMF Warns of Hong Kong Banks’ Soaring Credit Exposure to China

07/05/2014

The International Monetary Fund has warned of Hong Kong banks’ rising exposure to mainland debt.

Singapore, US Agree on FATCA Arrangement

06/05/2014

Singapore has reached an agreement with the United States under a law that require foreign banks, investment funds and insurers to hand over information about Americans’ account to the US Internal Revenue Service.

India’s SEBI Sets Foreign Portfolio Investor Limits

06/05/2014

A foreign portfolio investor will be allowed to buy additional shares in a company only if its holding is less than 10%, according to norms for the new overseas investment regime that starts in June.

S. Korea Tightens Monitoring of Chinese Online Payment Firm

06/05/2014

The Financial Supervisory Service has stepped up its monitoring of Chinese online payment service firm Alipay that will open a new type of offline service in the country.

Securities / Derivatives

Japan to Assist in Drafting Myanmar’s Stock Exchange Regulations

06/05/2014

The Japanese Ministry of Finance will help draw the regulations for the Stock Exchange Commission in Myanmar, said a Myanmar finance official.

IOSCO Issues New Norms on POS Disclosure in Banking, Securities Sectors

05/05/2014

A Joint Forum of the International Organisation of Securities Organisations has called for improved point-of-sale (POS) disclosure standards for distributed financial products.