RED TAPE ROUNDUP: China expands securitisation pilot programme, India launches a series of policies to stabilise rupee, Indonesia raises rates to stem confidence erosion and Vietnam issues action plans to tackle NPLs.

In this round of recent regulatory news, Australia imposes levy on bank deposits, China creates of an inter-ministry committee, Hong Kong issues the Code of Conduct for banks’ setting of CNH Hibor, India announces several fundraising measures to ease capital account woes, Vietnam forces banks to merge or be recapitalised and sold on to stronger financial institutions.