Securities / Derivatives

Taiwan Regulator Conducts Test on Banks, Says Can Survive Housing Crash

16/05/2014

Taiwan’s Financial Supervisory Commission (FSC) said it has conducted stress tests on banks that revealed lenders’ ability to survive a potential housing crash.

India’s SEBI Issues Risk Management Norms for Foreign Portfolio Investors

16/05/2014

Market regulator Securities and Exchange Board of India (SEBI) came out with a risk management framework for foreign portfolio investors (FPIs) citing margin of trade and position limits for investors in the cash market.

Securities / Derivatives

Vietnam Issues New Circular on Foreign Investment

15/05/2014

The State Bank of Vietnam has issued a circular which guides the opening and use of indirect investment capital accounts for foreign investors in the country.

India’s SEBI Plans Tax Benefits for Mutual Fund Products

15/05/2014

The Securities and Exchange Board of India will petition the new government for more tax relief for mutual funds and the equity market to incentivise and channel savings into long-term investment products.

Hong Kong Regulator Reprimands Citigroup on Algorithm Error

15/05/2014

The Securities and Futures Commission (SFC) has reprimanded Citigroup Global Markets Asia Limited (Citigroup) for failing to ensure its algorithmic trading systems functioned property for certain securities orders between April 2009 and May 2010.

Hong Kong’s HKEx Sponsor Regime Curbs Vetting for Listing Application

15/05/2014

Hong Kong Exchanges and Clearing’s new sponsor regime for listing applicants has been working well, curbing vetting time for applicants and improving quality of applications.

Securities / Derivatives

Taiwan’s Regulator Plans Supervisory Mechanism Restricting TRF Sales Volume

15/05/2014

Taiwan’s Financial Supervisory Commission chairman William Tseng said the country’s companies have a total of US$4.97 billion in exposure to renminbi-linked target redemption forward (TRF) financial derivative products with unrealized losses valued at US$2 billion.

ASIFMA Issues White Paper on Internationalisation of Renminbi

13/05/2014

ASIFMA, together with Standard Chartered and Thomson Reuters, launched a white paper that calls for the opening up of China’s capital markets and the internationalisation of the renminbi (RMB).

Securities / Derivatives

Bank Indonesia, OJK to Coordinate on Boosting Banking System

12/05/2014

The Financial Services Authority (OJK) says it will coordinate closely with Bank Indonesia (BI) to improve the banking system in the country.