India on verge of tax bilateral agreements with Japan, US, and UK; China's central bank calls for securitisation development; Margin requirements for non-cleared OTC deals published
China eyes internet finance as new saviour; Japan stresses importance of unilateral OTC standards; DBS-Danamon merger highlights regulatory barriers in Indonesia.
Europe will delay the Basel III deadline for bank capital requirements for six months at least. Originally set to go live in January 2013, Europe now follows the US in postponing the regulations.
IOSCO and the Basel Committee have proposed collateral-tasty requirements for non-centrally cleared derivatives trades. They are hopeful regulators across the globe will adopt the same standards to reduce regulatory arbitrage.