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Trading & Investment
Hong Kong Regulator Issues Quarter to June Report
By Editors | 21/08/2014
The Securities and Futures Commission issued its quarter to June report detailing accomplishments that included the release of a regulatory framework for the over-the-counter derivatives market, and the announcement of a cross-border stock market scheme between Hong Kong and Shanghai.
Structural Regulation
Indonesia Plans to Sell Bank Stakes in Financial Reform
By Editors | 18/08/2014
Indonesia may consider selling public stakes in banks and imposing lending quotas as part of plans to introduce reforms in the financial sector.
Conduct, Culture & Accountability
Australian Banks Face Class Actions on Fees
By Editors | 18/08/2014
Australian banks are facing open class actions filed by legal firm Maurice Blackburn over late credit card fees worth hundreds of millions of dollars, in what could be one of the country’s biggest class suits ever.
Conduct, Culture & Accountability
Macquarie to Contact Thousands of Clients Over Poor Advice
By Editors | 15/08/2014
The Australian Securities and Investments Commission has ordered Macquarie Group to contact 160,000 clients who may have lost money due to flawed financial advice.
Structural Regulation
S. Korea Mulls Joining China-led Infrastructure Bank
By Editors | 12/08/2014
South Korea is planning to participate in a multilateral consultation with China to discuss conditions for Beijing’s push to set up a new regional bank to fund infrastructure projects in Asia, a diplomatic source with knowledge of the matter said.
Credit Risk
Hong Kong to Boost Wealth Management Sector
By Editors | 12/08/2014
The Hong Kong Monetary Authority’s top executive said the city aims to boost its fund and wealth management industry over a five-year period.
Structural Regulation
New Zealand Regulator Relaxes Debt Capital Raising Norms
By Editors | 11/08/2014
Commerce Minister Craig Foss announced further steps to simplify and encourage participation in New Zealand’s capital markets, including easing compliance rules for debt issuers.
Conduct, Culture & Accountability
Indonesia’s OJK Issues Guidelines on Banks’ Advertising Practices
By Editors | 10/08/2014
The Financial Services Authority (OJK) has issued guidelines on advertising practices by financial firms in line with laws ensuring customer protection.
Conduct, Culture & Accountability
ASIC Imposes New Conditions for CBA Licensees
By Editors | 10/08/2014
The financial planning arms of the Commonwealth Bank of Australia will be subject to new financial services license conditions, the Australian Securities and Investments Commission said.
Structural Regulation
New Zealand Regulator Issues First Equity Crowd Funding Licences
By Editors | 06/08/2014
The Financial Markets Authority has issued its first equity crowd funding licences under the Financial Markets Conduct Act 2013. PledgeMe and Snowball Effect are New Zealand’s first licensed providers of this new financial service.
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