Structural Regulation

Australian Regulator Grants First Trade Repository Licence

16/09/2014

Australian Securities and Investments Commission has granted an Australian derivative trade repository licence to DTCC Derivatives Repository (Singapore) Pte Ltd (DDRS), the first licence of its kind in the country.

Payments & Settlements

Hong Kong Lobbies Beijing to Lift Cap on Yuan Conversion

15/09/2014

The Hong Kong Monetary Authority has asked Beijing to lift the cap on the amount of yuan local residents can convert as part efforts by the city’s de facto central bank to boost the amount of mainland currency in the system ahead of the Stock Connect scheme with Shanghai next month.

Resolution & Recovery

Hong Kong to Enhance Protection for Bank Depositors

14/09/2014

Hong Kong regulators are seeking industry views on recommendations to improve a scheme that provides a financial safety net for depositors in the event of a banking crisis.

Credit Risk

Bad Debts Weigh on Vietnam Banks

12/09/2014

The increasingly high number of businesses that were dissolved in the first seven months of the year has weighed on operations of local banks, raising lenders’ bad debt ratio in the period.

Trading & Investment

Hong Kong’s First Islamic Bond Issue Raises $1 Billion

12/09/2014

Hong Kong has sold its first ever sovereign Islamic bonds, raising $1 billion amid strong demand for the landmark offering.

Trading & Investment

Singapore, Taiwan Plan Stocks Trading Link

10/09/2014

Singapore Exchange (SGX) and Taiwan Stock Exchange (TWSE) will enter a letter of intent to study and work towards linking the two stock markets.

Trading & Investment

India Plans Launch of Municipal Bonds

10/09/2014

The Securities and Exchange Board of India is preparing the ground for the launch of municipal bonds, a popular debt instrument issued by local governments globally.

Trading & Investment

IOSCO Cites ‘Broadly Compliant’ Supervision of Derivatives Market

09/09/2014

Market authorities worldwide are broadly compliant with the universally accepted principles governing the oversight of commodity derivatives market, according to a report by the International Organization of Securities Commissions.

Capital Adequacy

Australian Businesses Warn Against Hasty Bank Reforms

09/09/2014

Australia’s businesses have cautioned the financial system inquiry that forcing “too-big-to-fail” banks to hold more capital could drive up borrowing costs for ­business.