Countries
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Hong Kong, Australia Seek to Boost RMB Trade
Editors, Regulation Asia May 23, 2014A group of senior representatives from Hong Kong and Australian banks met to review developments in the Renminbi (RMB) business and consider ways to strengthen RMB products and services, with a view to facilitating greater participation of corporates and other...
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HK Regulator Reprimands, Fines Deutsche Bank for Regulatory Breaches
Editors, Regulation Asia May 23, 2014The Securities and Futures Commission (SFC) has reprimanded and fined Deutsche Bank HK$1.6 million for regulatory breaches and internal control failings.
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S.Korea’s Financial Authorities Need Enhanced Independence, Says IMF
Editors, Regulation Asia May 22, 2014South Korea needs to strengthen the independence of its financial authorities to ensure the safety and soundness of its financial sector, said the International Monetary Fund.
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Japan’s Economy Needs ‘Super Regional Banks,’ Says LDP
Editors, Regulation Asia May 22, 2014Japan’s ruling Liberal Democratic Party will urge government to establish “super regional banks” to help revitalize the economy during the nation's unorthodox bid to beat deflation.
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Malaysia’s Audit Board Urges Firms to Ensure Quality of Monitoring Procedure
Editors, Regulation Asia May 22, 2014Malaysia's Audit Oversight Board urged audit firms to ensure quality of audit procedures.
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New Zealand Regulator Sees Improving Confidence in Financial Markets
Editors, Regulation Asia May 21, 2014A survey by the Financial Markets Authority has found more people are confident in New Zealand's financial markets, but half are still unsatisfied with investment material companies give clients.
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China’s Slowing Property Market Poses Risk to Banks, Regulator Says
Editors, Regulation Asia May 21, 2014The country's weakening property market poses risks to the banking system, an official with the China Banking Regulatory Commission (CBRC) said.
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India’s Regional Stock Exchanges to Shut Operations as SEBI Deadline Nears
Editors, Regulation Asia May 20, 2014India's 15 regional stock exchanges (RSEs) are opting to exit the business as the deadline to meet new net worth and trading norms nears.
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China Securities Regulator Eyes 100 IPOs from June through 2014
Editors, Regulation Asia May 20, 2014The China Securities Regulatory Commission (CSRC) is planning about 100 initial public offerings (IPOs) from June to the end of 2014 as the government moves to revamp its IPO rules.
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Money Laundering Impacts Socio-Economic Development, Says Bank Negara
Editors, Regulation Asia May 20, 2014Bank Negara expressed concern that criminal activities in the money services business could adversely impact socio-economic development, after Malaysia recorded an illicit outflow worth RM174 billion based on a Global Financial Integrity (GFI) report last year.
