Latest News
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International
DTCC’s Legal Entity Identifier Service Gathers Momentum
Editors, Regulation Asia February 16, 2015The Global Markets Entity Identifier utility of the Depository Trust & Clearing Corporation, offered in collaboration with SWIFT, has issued over 165,000 legal entity identifiers (LEIs) to entities from over 140 jurisdictions, representing about 50% of all issued LEIs.
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China
China, US Officials Discuss Banking Security Rules
Editors, Regulation Asia February 14, 2015China’s proposed banking security rules requiring foreign technology firms to turnover source codes and submit to audits were among items discussed in a recent high-level talks between Beijing and the U.S.
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Australia & NZ
Global Regulation and Performance Demands Are Driving Pension Policy Reform
Peter Guy, Regulation Asia February 13, 2015Pension funds are bigger than many banks but only now are regulations catching up.
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Australia & NZ
Australian Banks Defend Corporate Tax Practices in Senate Inquiry
Editors, Regulation Asia February 11, 2015Australia’s largest banks were among financial institutions that defended their corporate tax practices in submissions to the Senate inquiry, which is currently looking into the adequacy of the country’s corporate tax laws.
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Hong Kong
HKEx Plans to Add More HK Stocks in Cross-Border Link
Editors, Regulation Asia February 11, 2015Hong Kong Exchanges and Clearing Ltd plans to add more stocks to be traded under the Shanghai-Hong Kong cross border trading scheme ahead of the proposed opening of the Shenzhen-Hong Kong link within the year.
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India
India’s RBI Tightens Compliance Amid Iran Export Scam Probe
Editors, Regulation Asia February 10, 2015The Reserve Bank of India (RBI) has ordered banks to tighten monitoring of export finance deals, saying lenders should ensure that only legitimate export advances flow into India.
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China
Foreign Investment Regulatory Regime in China Undergoing Revolutionary Changes
Peter Guy, Regulation Asia February 9, 2015Draft proposals of new laws are the biggest in ten years and will streamline and clarify regulations in order to open up the economy.
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Hong Kong
Hong Kong Regulator Endorses Revised Banking Code
Editors, Regulation Asia February 9, 2015The Hong Kong Monetary Authority has endorsed a revised code of banking practice that requires the city’s banks to uphold international banking practices in areas of disclosure and transparency, responsible business conduct and financial education.
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International
Managing Liquidity is Key to Risk Control
Editors, Regulation Asia February 6, 2015Meeting cash and liquidity management standards in Basel III are driving the development of advanced systems.
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Countries
Singapore Regulator Says Prospectuses Should Be in Plain English
Editors, Regulation Asia February 6, 2015The Monetary Authority of Singapore is urging issuers of financial products to write their prospectuses in plain English, and present information in a clear, concise and logical manner to better help investors make informed investment decisions.
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