Trading & Investment

Singapore Sets Out Plan to Boost Crowdfunding

17/02/2015

The Monetary Authority of Singapore (MAS) has set out a proposal that will give companies easier access to alternative sources of funding through securities-based crowdfunding (SCF).

Structural Regulation

DTCC’s Legal Entity Identifier Service Gathers Momentum

16/02/2015

The Global Markets Entity Identifier utility of the Depository Trust & Clearing Corporation, offered in collaboration with SWIFT, has issued over 165,000 legal entity identifiers (LEIs) to entities from over 140 jurisdictions, representing about 50% of all issued LEIs.

Data Privacy

China, US Officials Discuss Banking Security Rules

13/02/2015

China’s proposed banking security rules requiring foreign technology firms to turnover source codes and submit to audits were among items discussed in a recent high-level talks between Beijing and the U.S.

Anti-Money Laundering

Australian Banks Defend Corporate Tax Practices in Senate Inquiry

10/02/2015

Australia’s largest banks were among financial institutions that defended their corporate tax practices in submissions to the Senate inquiry, which is currently looking into the adequacy of the country’s corporate tax laws.

Trading & Investment

HKEx Plans to Add More HK Stocks in Cross-Border Link

10/02/2015

Hong Kong Exchanges and Clearing Ltd plans to add more stocks to be traded under the Shanghai-Hong Kong cross border trading scheme ahead of the proposed opening of the Shenzhen-Hong Kong link within the year.

Anti-Money Laundering

India’s RBI Tightens Compliance Amid Iran Export Scam Probe

10/02/2015

The Reserve Bank of India (RBI) has ordered banks to tighten monitoring of export finance deals, saying lenders should ensure that only legitimate export advances flow into India.

Conduct, Culture & Accountability

Hong Kong Regulator Endorses Revised Banking Code

08/02/2015

The Hong Kong Monetary Authority has endorsed a revised code of banking practice that requires the city’s banks to uphold international banking practices in areas of disclosure and transparency, responsible business conduct and financial education.

Liquidity Risk

Managing Liquidity is Key to Risk Control

06/02/2015

Meeting cash and liquidity management standards in Basel III are driving the development of advanced systems.

Trading & Investment

Singapore Regulator Says Prospectuses Should Be in Plain English

05/02/2015

The Monetary Authority of Singapore is urging issuers of financial products to write their prospectuses in plain English, and present information in a clear, concise and logical manner to better help investors make informed investment decisions.