Trading & Investment

China Regulator Allows Shenzhen IPO Hopefuls Explore Shanghai Listing

04/04/2014

The China Securities Regulatory Commission is allowing companies with application to go public on the Shenzhen board to explore a Shanghai listing.

Payments & Settlements

Taiwan Regulator Allows Use of Dual-Currency Credit Cards

04/04/2014

The Financial Supervisory Commission has relaxed rules on credit card use, allowing banks to issue dual-currency credit cards to clients.

Credit Risk

Basel Committee Finalises Counterparty Credit Risk Exposure Method

04/04/2014

The Basel Committee has finalised a new approach for measuring counterparty credit-risk exposures.

Trading & Investment

HKEx, China Bourse in Talks on Mutual Market Access

03/04/2014

Hong Kong Exchanges & Clearing said it is in talks to boost cooperation with mainland counterparts on mutual access, but no agreement has been reached.

Anti-Money Laundering

Australian Banks Seek to Widen Money Laundering Net

03/04/2014

Justice Minister Michael Keenan has assured banks that they will not be “overregulated” despite tougher laws to counter money laundering and terror financing.

Anti-Money Laundering

Philippine Govt Agency Seeks to Lift Bank Secrecy Law for Tax Purposes

03/04/2014

The Bureau of Internal Revenue stressed the need to lift the bank secrecy law for tax purposes to bring the Philippines in line with countries establishing a single and consistent global standard in tracking tax fraud.

Trading & Investment

Singapore Consults on Plan to Launch Asia’s First Electricity Futures

01/04/2014

The Singapore Exchange (SGX) plans to launch the first electricity futures in Asia and is consulting the public on rules and details that will govern the proposed power contracts.

Capital Adequacy

IFSB Issues New Guidelines on Supervision of Islamic Finance Institutions

01/04/2014

The Islamic Financial Services Board has adopted a revised guideline on the supervision of Islamic finance institutions to tighten regulatory oversight of industry practices.

Clearing & Post-Trade

HKEx Announces Senior Management Changes

01/04/2014

Hong Kong Exchanges and Clearing (HKEx) has appointed Gerald Greiner as advisory chairman for Group Clearing and Regulatory Affairs and chief compliance officer of the exchange.