Market Abuse

Singapore Returns $8 Billion to Banks Involved in Rate Rigging

06/11/2014

The Monetary Authority of Singapore has returned S$10 billion ($8 billion) in fines it levied on 19 banks connected to the rigging of financial benchmarks and foreign exchange.

Credit Risk

Australian Regulator Issues Guide on Residential Mortgage Lending

06/11/2014

The Australian Prudential Regulation Authority has released a guide for banks and other deposit-taking institutions on sound risk management practices for residential mortgage lending.

Liquidity Risk

Australian Banks Ask Inquiry to Consider Costs of Liquidity Rules

06/11/2014

Top officials at Australia’s largest banks are reiterating their calls for the Financial System Inquiry to consider the cost of imposing higher capital requirements on banks to counter systemic risks.

Credit Risk

Australian Regulator Issues New Guidelines on Responsible Lending

05/11/2014

Australian Securities and Investments Commission (ASIC) has clarified the role of credit licensees in lending to clients under a new guidelines it published recently.

Structural Regulation

New Zealand Approves News Regulations for Financial Markets Reform

04/11/2014

New Zealand’s Commerce and Consumer Affairs Minister Paul Goldsmith has confirmed the approval of the second phase of the Financial Markets Conduct Act, which covers additional rules on disclosures and issuance of financial products.

Payments & Settlements

S. Korea Central Bank Names 12 Banks for Yuan-Won Market

04/11/2014

South Korea’s central bank has designated 12 banks as market makers for direct yuan-won transactions, which open mid next month.

Structural Regulation

Seeking a Balance between Regulations and Economic Development

04/11/2014

ISDA 2014 Annual Asia Pacific Conference Part Four: Keynote speech soberly examines regulatory challenges facing capital markets

Trading & Investment

Progress on Regulating SEF Trading

04/11/2014

ISDA 2014 Annual Asia Pacific Conference Part Three: Examining SEF trading trends

Conduct, Culture & Accountability

Risk Culture Seen in Banks’ Agenda, Says EY Report

03/11/2014

Banks in Asia-Pacific are strengthening accountability regarding risk roles and responsibilities and are boosting communication about risk expectations driven in part by tougher bank regulations, international accounting firm EY says.