Markets & Infrastructure

Trading & Investment

Australia’s Fund Managers to Pursue Asia Region Funds Passport in S. Korea

By Editors | 17/06/2014

Australia’s top fund managers will lead high level discussions with South Korean officials and chief executives on how they can develop closer ties in financial services.

Payments & Settlements

Vietnam State Bank Imposes Fee on Cash Deposits

By Editors | 17/06/2014

The State Bank of Vietnam has proposed new rules that would allow local banks to collect fees on cash deposits, in a move to limit cash transactions.

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.