SECURITIES / DERIVATIVES

Securities / Derivatives

Vietnam State Bank Imposes Fee on Cash Deposits

By Editors | 17/06/2014

The State Bank of Vietnam has proposed new rules that would allow local banks to collect fees on cash deposits, in a move to limit cash transactions.

Securities / Derivatives

S. Korea to Keep Current Forex Policy Under New Finance Minister

By Editors | 17/06/2014

South Korea’s foreign exchange policy will remain unchanged under the new economic team to be led by the finance minister nominee, according to a senior government official.

Securities / Derivatives

Malaysia’s Central Bank, Competition Commission Sign Cooperation Agreement

By Editors | 17/06/2014

Bank Negara Malaysia and the Malaysia Competition Commission have agreed to collaborate in areas of common regulatory objectives.

Securities / Derivatives

Philippine Senate Okays Bill Allowing Full Foreign Ownership of Banks

By Editors | 16/06/2014

The Philippine Senate has approved a bill seeking to expand the participation of foreign banks in the Philippine financial sector.

Securities / Derivatives

China Mulls New Approach to Banks’ Loan-to-Deposit Ratio

By Editors | 16/06/2014

The China Banking Regulatory Commission (CBRC) is considering a more flexible approach to determining the loan-to-deposit ratio so banks can have more money to lend to businesses, an official with the regulator says.

Securities / Derivatives

India’s Forward Markets Commission Moves to Strengthen Corporate Governance

By Editors | 16/06/2014

India’s Forward Markets Commission is seeking to strengthen the corporate governance framework at commodity derivative exchanges and recommends the creation of mandatory committees to oversee audit, risk management, including technology development.

Securities / Derivatives

S. Korea Watchdog Holds Bank Chiefs Responsible

By Editors | 13/06/2014

The South Korean financial watchdog said the chiefs of the country’s biggest banking group KB Financial Group and its flagship Kookmin Bank were both accountable for the gross negligence in handling what has turned into a scandalous computation system change.

Securities / Derivatives

Indonesian Banks to Pilot New Branchless Banking Scheme

By Editors | 13/06/2014

Some of Indonesia’s big banks are piloting a new scheme known as ‘branchless banking’ as a way to expand financial services in the country where half of its 240 million strong population does not have access to financial services.

Securities / Derivatives

China Beefs Up Financial Support for Trade

By Editors | 12/06/2014

China’s central bank has called for more financing channels for the country’s import and export businesses in a bid to stabilize foreign trade.