Clearing & Post-Trade

Collateral Distribution Imbalance Could Hurt Asia – IOSCO

04/03/2016

Chief economist Shane Worner says imbalanced geographical distribution, not quantity, the most pressing issue.

Market Abuse

ASIC Begins Legal Proceedings against ANZ in Rate-rigging Case

04/03/2016

Regulator alleges bank sought to benefit from movements in bill swap reference rate.

Payments & Settlements

SWIFT Launches India Service

04/03/2016

RBI-regulated joint venture includes nine Indian banks; to host data onshore.

Data Privacy

RBI Issues Account Aggregator Guidelines

04/03/2016

Only non-bank finance companies will be able to provide service restricted to ‘regulated’ assets

Capital Adequacy

BIS Issues Basel III Monitoring Results

03/03/2016

Evaluation covers 52 Asia Pacific-domiciled banks including region’s 7 GSIBs.

Capital Adequacy

Basel III Estimated to Boost Indian Banks’ Lendable Assets by $59bn

03/03/2016

Banks welcome potential INR400 billion increase in core capital created by Basel III implementation.

Conduct, Culture & Accountability

ASIC Objects to Advisers ‘Independence’ Claims

03/03/2016

Australian regulator asks three firms to ‘remove or amend’ claims about their independence.

Trading & Investment

Indonesia Introduces ‘Promissory’ Forex Hedging

03/03/2016

Regulation designed to expand Islamic finance allows banks to offer deferred forex sales.

Structural Regulation

HKEx Defends Low Entry Level for Listings

03/03/2016

Chief executive says investors’ ability to exit bad companies more important, warns on shell companies.