Singapore, UK to Launch Private Sector Dialogue to Boost Offshore Renminbi Market

25/02/2014

The United Kingdom and Singapore have agreed to set up a UK-Singapore Financial Dialogue to deepen financial and economic cooperation between the two countries.

China Plans Overhaul of Securities Commission to Boost Efficiency

25/02/2014

China plans to overhaul its securities regulator to create a more effective oversight of its fast-developing capital markets.

Crypto / Digital Assets

Japan’s Financial Authorities Refuse to Intervene in Bitcoin Case

25/02/2014

Japanese financial authorities decline to take responsibility for the crypto-currency.

Australia signs Bilateral Local Currency Swap Agreement with the Bank of Korea

25/02/2014

The Reserve Bank of Australia signed a bilateral local currency swap agreement with the Bank of Korea, allowing for the exchange of local currencies between the banks even in times of financial stress.

Australian Securities Regulator Calls for Tougher Penalties for White-Collar Crime

25/02/2014

The Australian Securities and Investments Commission has called for tougher penalties to combat corporate misconduct.

Securities / Derivatives

Indonesian Regulator Seeks Dividend Cuts for State Lenders to Boost Capital

25/02/2014

Indonesia’s financial industry regulator is urging the government to review the dividend policy for state-owned lenders.

Securities / Derivatives

Taiwan Regulator to Relax Offshore Expansion Rules for Securities Firms

25/02/2014

The Financial Supervisory Commission plans to relax rules as early as next quarter to facilitate securities firms’ reinvestment efforts overseas.

Securities / Derivatives

Philippines Central Bank Urges Congress to Allow Entry of More Foreign Banks

25/02/2014

The Bangko Sentral ng Pilipinas has asked Congress to pass a bill easing restrictions on foreign banks investing in the country.

Indonesia, Pakistan, Myanmar on FATF’s Gray List

24/02/2014

The Financial Action Task Force, the international body for setting global standards for combating money laundering and terrorist financing, kept the Asian countries on its gray list.