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.

Trading & Investment

Taiwan to Relaunch Non-Deliverable Forward Forex Market

27/08/2014

Taiwan plans to reopen its non deliverable forward (NDF) foreign exchange market in phases after the country closed this down the for the New Taiwan dollar in 1998.

Trading & Investment

Singapore to Cut Board Lot Size of Stocks in January

26/08/2014

Singapore Exchange will reduce the standard board lot size of securities listed on SGX from 1,000 to 100 units from January 19 next year in order to make investing more affordable to retail investors.

Trading & Investment

ASEAN Launches Collective Investment Scheme

26/08/2014

Singapore-based fund managers can now offer their funds directly to investors in Malaysia and Thailand under a streamlined authorization process following the launch of the ASEAN Collective Investment Scheme (CIS).

Trading & Investment

Hong Kong-Shanghai Stock Scheme Faces Tax, Quota Issues

26/08/2014

The stock market trading scheme between Hong Kong and Shanghai could be derailed by unclear tax policies and daily quotas that discourage foreign institutional investors to take part in the initiative.

Structural Regulation

Hong Kong Regulator Reiterates IPO Sponsor Liability

26/08/2014

The Securities and Futures Commission has reaffirmed that sponsors of initial public offerings (IPO), particularly banks that prepare companies for a Hong Kong listing, are criminally liable for defective prospectuses.

Trading & Investment

Japan Regulator Plans to Allow Crowdfunding

23/08/2014

The Financial Services Agency plans to allow businesses to procure small amounts of funding from the general public by issuing shares online.

Alternative Markets

China Endorses Launch of First Large Private Investment Firm

22/08/2014

China has endorsed the launch of the country’s first national-level private investment company, China Minsheng Investment, in Shanghai.