Securities / Derivatives

Bursa Malaysia Plans Tighter Depository Rules

22/01/2014

Bursa Malaysia Depository Sdn. Bhd invites comments on a consultation paper seeking feedback on the proposed amendments to the Rules of Bursa Malaysia Depository to close dormant accounts.

Securities / Derivatives

Indonesia to Stimulate Financial Sector in Funding Export-Based Industries

22/01/2014

The Financial Services Authority (OJK) said it will strengthen its intermediation function and work toward the stability of the financial services sector in support of export-based industries and other “productive sectors.”

US May Delay FATCA Implementation

22/01/2014

The Foreign Account Tax Compliance Act (FATCA) may be delayed again by another six months due to pending intergovernmental agreements between the U.S. and other countries.

SEBI Refines Rules for Interest Rate Futures

21/01/2014

The Securities and Exchange Board of India (SEBI) is enhancing monitoring requirements and easing certification norms for employees of intermediaries as local exchanges launch interest rate futures this month.

India Tasks New Committee to Review Governance of Boards at Local Banks

21/01/2014

The committee, tasked to oversee governance of boards at local banks, will be chaired by Shri P. J. Nayak, former Chairman and CEO of Axis Bank.

Fund Managers Delay on AIFMD Application, Bottlenecks Seen Ahead of July Deadline

20/01/2014

With only six months to go until full implementation of the Alternative Investment Fund Managers Directive (AIFMD) on July 22nd, fewer than 20% of alternative investment fund managers (AIFMSs) have submitted an application to their local regulator for AIFMD authorisation, says industry survey.

Securities / Derivatives

CIMB & BPI Capital Issues Bolster Loss-Absorption Buffers in Run-up to Basel III

20/01/2014

The expansion plans of Malaysia-based CIMB Group and Philippines-based BPI (Bank of the Philippine Islands, rated BBB-), and their transition to Basel III, is driving them to raise capital, says Fitch Ratings.

Securities / Derivatives

Meeting the New Regulatory Challenges – Faster and Deeper Regulatory Reporting Requirements

20/01/2014

Regulation Asia spoke with James Stewart, the General Manager for Asia-Pacific Compliance at Wolters Kluwer Financial, to find out how banks can make changes more effectively in order to meet the new requirements.

Judge Upholds Rule for US Banks to Report to Foreign Countries Under FATCA

20/01/2014

A federal court rules that U.S. banks must report to foreign governments on the holdings of citizens in line with FACTA.