Trading & Investment

India’s SEBI to Reserve 25% of IPO for Mutual Funds, Insurers

01/09/2014

The Securities and Exchange Board of India plans to make it mandatory for issuers to reserve 25% of an initial public offering for domestic mutual funds and insurers.

Emerging Prudential Risks

Indonesian Regulator Makes Case for Bank Consolidation

01/09/2014

The Financial Services Authority (OJK) is seeking to consolidate Indonesia’s banking sector, urging state-owned lenders to acquire stakes in regional banks or BPDs.

Resolution & Recovery

Australian Banks Seek Bail-Out Plan

01/09/2014

Imposing losses on bank creditors in a crisis could see the banking sector downgraded by ratings agencies, increase funding costs across the economy and potentially exacerbate a downturn, Australia’s largest banks have warned.

Conduct, Culture & Accountability

Australian Regulator Seeks More Power In Financial System

30/08/2014

The Australian Securities and Investment Commission is asking for the power to ban investment products and intervene more heavily in the market.

KYC & CDD

India Plans to Offer Bank Accounts to Households

30/08/2014

India’s state-owned banks are conducting a massive campaign to open millions of accounts for poor Indians who are off the financial grid and vulnerable to black market money lenders.

Alternative Markets

China to Boost Private Equity Sector with New Rules

28/08/2014

The China Securities Regulatory Commission (CSRC) aims to boost the development of its private equity funds with new rules that encourage industry self-regulation.

Trading & Investment

Hong Kong to Hold Roadshow for First Sukuk Offering

28/08/2014

The Hong Kong government will hold investor meetings from next week for its first Islamic bond issue.

Market Abuse

S. Korean Watchdog Probes Banks for Rate-Rigging

27/08/2014

South Korea’s Fair Trade Commission has launched a probe into four major commercial banks on allegations that the lenders colluded on setting deposit and lending rates after the central bank’s policy rate cut.

Capital Adequacy

Australian Banks Reject Capital Holding Call

27/08/2014

Australian banks have rejected suggestions by Financial Services Inquiry chief David Murray that the industry needs to increase its holdings of capital.