Clearing & Post-Trade

Bangladesh Finalises Rules to Establish Clearing Corp

07/10/2015

The Bangladesh Securities and Exchange Commission has finalised draft rules to establish a separate company to perform clearing and settlement activities for both the bourses.

Credit Risk

RBI Orders Corrective Action on State-Run Bank

07/10/2015

Indian Overseas Bank is required to improve internal controls and deal with mounting non-performing assets.

Structural Regulation

Hong Kong Terminates Plan for Dual-Class Shares

06/10/2015

The Stock Exchange of Hong Kong has terminated a plan to allow dual-class shares and other weighted-voting rights structures after objection from the Securities and Futures Commission.

Trading & Investment

S. Korea Eyes Listing of Foreign ETFs on Local Bourse

06/10/2015

The Korea Exchange has said that it will seek to list foreign ETFs on the local stock market to meet rising local demand for direct overseas investment.

Clearing & Post-Trade

ICE Clear Singapore Recognised as Third Country CCP

06/10/2015

Intercontinental Exchange has announced that ICE Clear Singapore has been recognised as a third-country central counterparty in accordance with the European Market Infrastructure Regulation.

Capital Adequacy

Asian Banks Forced to Boost Capital at UK Subsidiaries

06/10/2015

The Bank of England has tightened regulations for foreign banks offering retail services to UK consumers, forcing many overseas lenders to inject more capital into their UK subsidiaries.

Operational Risk

Malaysia Issues New Policy Document on Compliance

05/10/2015

Bank Negara Malaysia (BNM) has released new policy requirements on compliance for financial institutions which will come into effect on January 1, 2017.

Conduct, Culture & Accountability

Thailand Enhances Financial Reporting Ecosystem

05/10/2015

Thailand’s Securities and Exchange Commission has launched an initiative to enhance the sustainability of the financial reporting ecosystem.

Structural Regulation

Hong Kong SFC Chairman Carlson Tong Reappointed

05/10/2015

The Securities and Futures Commission has reappointed Carlson Tong as its chairman for a term of three years effective from October 20, 2015.