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Market Abuse
Biggest Fines in Financial History are Ill-Conceived
By Peter Guy | 24/11/2014
Unprecedented penalties for forex rate rigging are misdirected and will weaken banks’ risk management culture.
Structural Regulation
China’s CSRC to Issue Internet Finance Rules Soon
By Editors | 23/11/2014
China’s State Council has asked the China Securities Regulatory Commission (CSRC) to fast-track the mapping out of rules and regulations for the country’s Internet finance.
Structural Regulation
Philippines Lifts Bank Ownership Restrictions for Foreigners
By Editors | 20/11/2014
The Philippines has issued the implementing rules and regulations of the amended foreign banks law that now allows foreign banks to acquire up to 100% of a local lender.
Structural Regulation
Taiwan Regulator Relaxes Rules on Banks’ Offshore Businesses
By Editors | 20/11/2014
Taiwan’s financial regulator has lifted restrictions on the business activities of local banks’ and brokerages’ offshore operations to boost the country’s stock market.
Structural Regulation
India’s SEBI Withdraws Recognition to Delhi Stock Exchange
By Editors | 20/11/2014
The Securities and Exchange Board of India has withdrawn the recognition granted to the Delhi Stock Exchange (DSE) in the wake of “serious irregularities” in the functioning of the bourse.
Market Abuse
India’s SEBI Approves New Insider Trading Rules
By Editors | 20/11/2014
India’s market regulator has approved tougher insider trading rules to promote transparency in the country’s stock market.
Payments & Settlements
China Allows Launch of RMB Clearing Service in Australia
By Editors | 19/11/2014
China has allowed Australia to clear renminbi trades in a bid to boost increased economic cooperation between the two countries.
Conduct, Culture & Accountability
S. Korea Appoints New Financial Watchdog Head
By Editors | 18/11/2014
South Korea’s top financial regulatory body has named Zhin Woong-seop, president of the Korea Finance Corp, as head of the Financial Supervisory Service (FSS).
Market Data & Technology
IOSCO Consults on Post-Trade Transparency in CDS Market
By Editors | 18/11/2014
The International Organization of Securities Commission is seeking industry views on a report that studies the potential impact of mandatory post-trade transparency in the credit default swaps (CDS) market.
Structural Regulation
Australian Regulator Plans to Cut Red Tape and Boost Disclosures
By Editors | 17/11/2014
Australian Securities and Investments Commission has issued guidelines aimed at making it easier for businesses to deliver financial services disclosures electronically.
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