India Plans to Launch Trade Receivables and Credit Exchange for Micro Enterprises

20/03/2014

The Reserve Bank of India plans to set up a trade receivables and credit exchange (TCE) for financing micro, small and medium enterprises (MSMEs).

S.Korea to Launch Gold Trading Platform to Curb Illegal Trade

20/03/2014

Korea Exchange Inc. will launch a gold trading platform in an attempt to better regulate a market dominated by illegal transactions.

Securities / Derivatives

Philippine Banks Not Complying with FATCA May Face Sanctions

19/03/2014

Philippine banks with US-citizen clients who are non-compliant with US tax rules may face sanctions.

China to Ease Regulation on Financial Leasing

18/03/2014

China is relaxing rules for the country’s financial leasing sector in line with government efforts to introduce more market-oriented reforms in the financial industry.

Australia’s Capital Regulation Framework Gets ‘Compliant’ Grade from Basel Committee

18/03/2014

The Basel Committee on Banking Supervision said Australia’s capital regulation framework overall was “compliant”.

India Regulator to Extend Trading Hours for Agricultural Commodities

18/03/2014

The Forward Markets Commission has extended the trading hours for futures contracts of agricultural commodities.

Securities / Derivatives

Taiwan Regulator to Ease Restrictions on Offshore Banking Units

18/03/2014

The Financial Supervisory Commission (FSC) is easing restrictions on the offshore banking units (OBUs) of Taiwanese lenders to boost the local asset management industry.

New Zealand Revises Financial Reporting Requirement

18/03/2014

The Financial Reporting Act, which changes financial reporting obligations for most companies, comes into effect on 1 April 2014.

Reserve Bank of India, FSA of Japan Sign Pact on Banking Supervision

18/03/2014

The Reserve Bank of India has entered into an agreement with Financial Services Agency (FSA) of Japan for cooperation in the area of banking supervision.