Trading & Investment

HKEx to Revive Closing Auction System, Impose Volatility Controls

24/06/2015

The Hong Kong Exchanges and Clearing board has approved two major reforms to regulate stock price movements to be implemented next year.

Structural Regulation

Indonesia Regulator May Ease Foreign Ownership Rules for Islamic Banks

24/06/2015

Indonesia’s Financial Services Authority says it may ease foreign ownership requirements in cases where an overseas bank plans to convert an Indonesian commercial lender to an Islamic one.

Emerging Prudential Risks

Asset Managers Do Not Pose Systemic Risk, Says Medcraft

23/06/2015

Australian Securities and Investments Commission chairman Greg Medcraft dismisses concerns that large asset managers pose a systematic risk to the financial system.

Market Risk

New Governance Code May Help Japanese Banks Reduce Holdings of Client Stocks

23/06/2015

Japan’s new corporate governance code may enable banks to sell off holdings of clients’ stocks and free up their balance sheets.

Liquidity Risk

Moody’s Sees Korean Banks as Credit Positive

23/06/2015

The high liquidity coverage ratios reported by Korean banks with their March quarterly results are credit positive, according to a report by Moody’s Investors Service.

Trading & Investment

Bank of China Becomes First Asian Firm to Help Set London Gold Price

22/06/2015

Bank of China has been approved to participate in the London Bullion Market Association auction which sets the price of gold in the London market.

Structural Regulation

Malaysia Online Submission System to Shorten Time-to-Market for Financial Products

22/06/2015

Under Malaysia’s Securities Commission’s new framework wholesale products can be launched once the required information is lodged via its online submission system.

Structural Regulation

China Allows Provincial Regulators to Approve Asset-Backed Securities

20/06/2015

China has given powers to the provincial offices of its bank regulator to approve asset-backed securities in a bid to quicken the development of the securitisation market.

Payments & Settlements

CIPS to Launch by Year-End

19/06/2015

The People’s Bank of China has issued a report on RMB internationalisation, which includes confirmation of the year-end launch of its new payments system.