Markets & Infrastructure

KYC & CDD

India’s SEBI Asks Depository Participants to Share FPI Information with Banks

By Editors | 17/06/2014

Market regulator Securities and Exchange Board of India has asked depository participants to share information about foreign portfolio investors with banks, as part of efforts to harmonise norms focused on client information.

Trading & Investment

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.

Structural Regulation

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.

Payments & Settlements

Singapore Regulator to Launch RMB Liquidity Facility

By Editors | 16/06/2014

The Monetary Authority of Singapore will launch a facility providing overnight Renminbi (RMB) liquidity to financial institutions in Singapore from July 1.

Structural Regulation

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.

Structural Regulation

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.

Conduct, Culture & Accountability

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.

Structural Regulation

IOSCO Intensifies Work on Market-Based Finance

By Editors | 13/06/2014

The Board of the International Organization of Securities Commissions met in Madrid this week to drive forward IOSCO’s work on market-based finance which covers discussion on infrastructure investment and small- and medium-enterprise financing.

Payments & Settlements

Hong Kong Launches E-Payment for MPF Transfer

By Editors | 13/06/2014

The Hong Kong Monetary Authority and Mandatory Provident Fund Schemes Authority has launched an e-payment service for fund transfer system enhancing accuracy and efficiency of fund transfers between trustees.