Capital Adequacy

Basel Banking Committee Appoints Coen as Secretary General

23/04/2014

Basel Committee has appointed William Coen as its next secretary general, for an initial term of three years.

Trading & Investment

S. Korea’s Regulator Issues Rules for Covered Bond Issuance

23/04/2014

South Korea’s Financial Services Commission has approved a draft regulation on the supervision of covered bond issuance, specifying the qualifications of underlying assets and setting standards for their evaluation.

Fraud, Scams & Cybercrime

RBS Fined HK$6m Over Illegal Emerging Markets Trades

22/04/2014

The Royal Bank of Scotland (RBS) has been fined HK$6 million for internal control failures relating to the detection and prevention of unauthorized trading activities.

Trading & Investment

HKEx Plans to Launch Thermal, Metals Futures This Year

22/04/2014

Hong Kong Exchanges and Clearing will offer renminbi-denominated futures for zinc, copper and nickel, under plans to expand its commodities trading this year.

Fraud, Scams & Cybercrime

China Regulators Target Illegal Funds amid Booming E-Finance

22/04/2014

The China Banking Regulatory Commission is stepping up efforts to combat illegal fund-raising over the internet, and aims to roll out an investor education campaign to guide the public.

Emerging Prudential Risks

China Urges Trust Sector to Manage Risks

22/04/2014

China’s banking regulator has urged trust companies to strengthen risk management, listing shareholders’ obligations and ruling out shadow banking.

Payments & Settlements

Singapore, Brunei Regulators Sign Bilateral Cooperation Pact

22/04/2014

The Monetary Authority of Singapore and its counterpart in Brunei have agreed to expand bilateral cooperation into new areas of partnership including monetary management and banking supervision.

Liquidity Risk

China to Boost Rural Lending with Reserve Ratio Cut

22/04/2014

China’s central bank aims to boost credit flow to the rural areas with the decision to cut the reserve requirement ratio for county-level rural commercial banks and rural credit cooperative unions.

Trading & Investment

Australia’s Financial System to See More Bond Issuance, Says Central Banker

21/04/2014

Australia’s top central banker sees the country’s financial system moving toward a more market-based sources of finance, particularly bond issuance.