Anti-Money Laundering

Singapore Tightens Rules Against Money Laundering and Terrorist Financing

19/07/2014

The Monetary Authority of Singapore is requiring banks and other financial institutions to perform a risk assessment on money laundering and terrorist financing at a wider institutional level, beyond the assessment of individual customers.

Alternative Markets

Taiwan Relaxes Rules on Private Equity Funds

15/07/2014

Taiwan’s Financial Supervisory Commission has relaxed regulation on private equity by allowing domestic asset managers to raise funds for commodity-linked PE investments.

Structural Regulation

Indonesia Plans Tougher Rules for Foreign Banks

15/07/2014

A new draft of Indonesia’s banking bill has revealed that lawmakers plan to restrict the operation of foreign banks, setting a deadline for them to become legal entities in the form of Perseroan Terbatas (PT) and capping the level of foreign ownership.

Structural Regulation

China Regulator Issues New Rules for Private Equity Funds

14/07/2014

The China Securities Regulatory Commission has published draft regulation requiring private equity funds to register their businesses and comply with stricter disclosure rules.

Structural Regulation

China Eases Asset Restructuring Rules for Listed Firms

12/07/2014

The China Securities Regulatory Commission is relaxing rules for listed firms to buy, sell or swap assets in a bid to encourage mergers and acquisitions in the market.

Structural Regulation

S. Korea Regulator to Overhaul Financial Regulations

11/07/2014

The South Korean top financial regulator said it will remove regulatory hurdles and outdated practices in the financial sector this year as part of efforts to boost Asia’s fourth-largest economy.

Anti-Money Laundering

More Chinese Banks Hit in Money Laundering Scandal

10/07/2014

China Citic Bank has become the second Chinese bank accused of breaching foreign exchange rules through services that allow people to take money out of the mainland.

Clearing & Post-Trade

Australian Government Plans Mandatory Central Clearing of AUD Interest Rate Derivatives

10/07/2014

The Australian government is proposing mandatory central clearing of Australian-denominated interest rate derivatives (IRD).

Anti-Money Laundering

Hong Kong Regulator Fines Ping An for Control Failings

09/07/2014

The Securities and Futures Commission has fined Ping An of China Securities (Hong Kong) HK$6 million over “serious internal control deficiencies.”