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.

India’s Forward Markets Commission Refines Commodity Futures Trading Rules

19/01/2014

Commodities market watchdog Forward Markets Commission is refining rules for trading commodity futures to lure market participants.

Securities / Derivatives

Volcker Rule to Put Asian Liquidity to the Test

18/01/2014

Changes made by US regulators to the Volcker rule in December could constrain liquidity in Asia’s immature capital markets and put Wall Street firms at a disadvantage to local competitors.

China Toughens Rules on Freezing Terrorists Assets, Urges Banks to Report Suspicions

17/01/2014

China issues new rules to fight terrorism, requiring banks to report transactions suspected of links to terror activities and freeze assets of people named as belonging to terrorist groups.

Securities / Derivatives

Bank Negara Malaysia to Issue Consultation Paper on Retail Lending Rates

17/01/2014

Bank Negara Malaysia consults the financial industry on a new reference rate framework to replace the base lending rate quoted by financial institutions in the pricing of retail loans.

S.Korea Plans Price Band Limits on Futures, Options Trading

16/01/2014

South Korea’s regulator plans to tighten futures and options trading rules to limit risks of severe price swings in the market.

Basel Committee Issues Anti-Money Laundering Risk Guidelines

16/01/2014

Prudent management of these risks together with effective supervisory oversight is critical in protecting the safety and soundness of banks.

EU Seals Deal Reforming Securities Market

16/01/2014

The European Union agreed to an overhaul of securities markets following more than two years of complex negotiations.

HKMA Cautions Authorised Institutions on Virtual Currencies

14/01/2014

With the recent rise of Bitcoin across the globe, the Hong Kong Monetary Authority (HKMA) writes a cautionary letter to authorized institutions (AI) in the city state about virtual currencies.