Taxonomy: Sector Affected - 81
Financial intermediation services and auxiliary services therefor
Austria: Cap on bank lending to the CESEE region
Description
On 21 November 2011, Austrian financial market regulators tightened international lending standards for domestic banks.Kyrgyz Republic : Nationalisation of AsiaUniversalBank
Description
By the Decree of the Provisional Government No.56 from 7 June 2010, the Kyrgyz Republic nationalized one of the country’s largest banks, the foreign-controlled “AsiaUniversalBank.”Ireland: Rescue recapitalization in favor of IRISH LIFE & PERMANENT GROUP HOLDINGS PLC
Description
On 6 July 2011, the Irish authorities notified a recapitalisation measure of up to EUR 3.8 billion for the Irish Life and Permanent Group Holdings (IL&P). IL&P Group is the parent company of Ireland's third-largest remaining bank.Greece: Agricultural Bank of Greece (ATE)
Description
ATE is the fifth-largest banking group in Greece. Its assets total EUR 31.2 billion on 31 December 2010.Denmark: Rescue aid to Amagerbanken
Description
Amagerbanken Aktieselskab ('Amagerbanken') was established in 1903 as “A/S Kastrup bank”, and later changed its name to Amagerbanken Aktieselskab in 1906. The bank's headquarter is located on the island of Amager.Viet Nam: Restrictions on FDI in state-owned banks
Description
On 22 April 2011, the Central Bank of Viet Nam issued new regulation restricting the access of foreign investors to the country's state-owned banks.Ghana: Increase of withholding tax on foreign service providers
Description
Effective 1 January 2011, the government has increased the withholding tax on foreign service providers. Implemented via the Budget 2011, foreign service are now taxed at 15 rather than 5 percent.Chile: Relaxation of advertisement rules for foreign banks
Description
On 7 October 2010, the bank regulator of Chile relaxed regulations on the advertisement efforts of subsidiaries of foreign banks.Australia: Prohibition of the acquisition of ASX Limited (ASX) by Singapore Exchange Limited (SGX)
Description
On 8 April 2011, the government of Australia prohibited the takeover of the Australian Stock Exchange (ASX) by Singapore Exchange Limited (SGX).Argentina: Additional requirement for foreign reinsurance companies
Description
On 21 February 2011, the Argentine insurance regulator tightened the rules under which foreign firms may operate in the domestic reinsurance market.
