Fraud, Scams & Cybercrime

Australia’s ASIC Investigates Wealth Managers over Advice Fees

16/04/2015

The Australian Securities and Investments Commission (ASIC) is investigating some of the country’s biggest wealth managers for charging clients for financial advice even when no advice has been provided.

Credit Risk

Taiwan Tightens Rules on Banks’ Risk Exposure in China

14/04/2015

Taiwan’s Financial Supervisory Commission (FSC) has asked banks to increase their allowance for risk exposure when they extend credit and establish short term trade balances with Chinese banks.

Cybersecurity

Trade Groups Urge Beijing to Halt Bank Technology Rules

14/04/2015

Trade groups from the US, Europe and Japan urged China to suspend guidelines that may shut out foreign technology suppliers in the country’s banking industry.

Emerging Prudential Risks

China Reinforces Lending Roles of Policy Banks

13/04/2015

China’s State Council has approved a plan to reform China Development Bank and two other lenders to make them more responsive in funding initiatives in line with the country’s growth policies.

Structural Regulation

S. Korea, Austria, Spain New Founding Members of China-led Infrastructure Bank

13/04/2015

Austria, Spain and South Korea have been recognized as founding members of the China-led Asia Infrastructure and Investment Bank (AIIB), the Chinese Finance Ministry said.

Structural Regulation

Foreign Banks to Open Branches in Myanmar

10/04/2015

Two Japanese and one Singaporean bank will become the first foreign banks to operate in Myanmar in over 50 years, after receiving final regulatory approval from the central bank.

Trading & Investment

HKEx Likely to Raise Trading Cap for Stock Connect

10/04/2015

Hong Kong Exchanges and Clearing Ltd (HKEx) plans to expand quotas for the cross-border stock program between Hong Kong and Shanghai, its top executive said.

Structural Regulation

Implications of China’s Looming Market Evolution

10/04/2015

Implications of market structure changes for surveillance and risk management professionals.

Structural Regulation

S. Korea’s Internet-Only Banks to Launch This Year

09/04/2015

South Korea’s financial regulator believes the country will see the launch of its first Internet-only bank this year, as measures are being hammered out with major IT firms like Naver Corp. and Daum Kakao Corp. to encourage them to invest in the online banking industry.