Markets & Infrastructure

Conduct, Culture & Accountability

SEBI to Assess Compensation Policy at Mutual Funds

By Editors | 18/08/2015

The Securities and Exchange Board of India will start collecting details of salaries paid to employees and top officials at mutual funds to calculate the cost of funds of asset management companies.

Conduct, Culture & Accountability

Big Aussie Banks Refuse to Contribute to Compensation Fund

By Editors | 17/08/2015

The big bank lobby is refusing to fund a “last resort” compensation fund for victims of financial planners that go bust, arguing that smaller companies should fund it themselves.

Structural Regulation

SFC Reveals Direct Pathway for HK Brokers to Deal with US Customers

By Editors | 17/08/2015

Hong Kong’s Securities and Futures Commission has issued a circular describing the application procedure for certain licensed corporations to deal directly with customers in the United States.

Capital Adequacy

APRA Updates Guidelines on the Use of Restricted Banking Terms

By Editors | 17/08/2015

The Australian Prudential Regulation Authority has released updated guidelines in relation to the use of restricted terms in banking services.

Trading & Investment

China’s Central Bank Intervenes to Stabilise Yuan

By Editors | 14/08/2015

The People’s Bank of China ordered state banks to buy yuan, at designated rates on behalf of the monetary authorities, to stem the currency’s slide.

Structural Regulation

RBI Seeks Greater Oversight Over Co-Operative Banks

By Editors | 14/08/2015

The Reserve Bank of India has asked the government to amend laws which will allow the regulator to grant commercial bank licences to urban co-operative banks.

Structural Regulation

Indonesia Court Shoots Down Challenge to Banking Regulator’s Authority

By Editors | 14/08/2015

Indonesia’s constitutional court has rejected a judicial review filed by a group challenging the legal basis for the establishment of the Financial Services Authority (OJK), saying that the regulator did not violate the 1945 Constitution.

Market Abuse

Brokers Ask SEBI to Introduce Algorithmic Trading Controls

By Editors | 13/08/2015

Brokers have asked the Securities and Exchange Board of India to put in place a ‘risk layer’ framework to manage the interaction between participants and exchanges, in order to prevent stock manipulation by algorithmic traders.

Structural Regulation

Taiwan Bank Approved for Consumer Finance JV in China

By Editors | 13/08/2015

Taiwan’s Financial Supervisory Commission has granted approval for CTBC Bank to become the first Taiwanese bank set up a consumer financing joint venture in China.