Credit Risk

Global Financial Regulators Release New Report on Credit Risk Management

03/06/2015

Global financial regulators have cautioned financial institutions against over reliance on internal models for credit risk management and regulatory capital, urging them to evaluate risk with sophisticated modelling techniques.

Alternative Markets

Bangladesh to Set Up Investment Fund to Finance Local Firms

03/06/2015

The Bangladesh Securities and Exchange Commission has drafted new private equity and venture capital financing rules.

Conduct, Culture & Accountability

RBI Allows Improved Compensation for Banks’ Non-Exec Directors

03/06/2015

The Reserve Bank of India has improved remuneration for non-executive directors of private sector banks.

Structural Regulation

S. Korean Regulator to Ease Banking Rules on Cross-Sector Business

02/06/2015

South Korea’s chief financial regulator has vowed to remove barriers that have hindered large banking groups from diversifying their portfolios and doing cross-sector business.

Credit Risk

Australian Regulators to Investigate Excessive Credit Card Rates at Banks

02/06/2015

Financial regulators are expected to investigate the record gap between the Reserve Bank of Australia (RBA) official interest rate and credit card rates.

Trading & Investment

Hong Kong Regulator Reprimands BNP for Unreported Cross Trades

02/06/2015

The Securities and Futures Commission (SFC) has reprimanded and fined BNP Paribas Securities (Asia) Limited HK$11 million for failing to report more than HK6 billion of cross trades over a 10-year period.

Conduct, Culture & Accountability

ASIC Proposes Register of “Bad Apple” Stockbrokers

02/06/2015

In an effort to protect investors and boost consumer confidence, ASIC is pushing to create a register which would list stockbrokers’ disciplinary records.

Clearing & Post-Trade

HKEx Plans to Double Clearing Capacity

02/06/2015

In response to substantially increased trading volumes, HKEx plans to double its stock clearing system capacity.

Structural Regulation

RBI Governor Backs PDMA Proposal

02/06/2015

Governor Raghuram Rajan said there was no reason for the RBI to manage public debt and he would be happy if the public debt management function goes to the government.