The report highlights the importance of macroeconomic stability, market autonomy, strong legal frameworks and effective regulatory regimes in supporting capital market development.
Bank lending rates should fall by about 0.27% starting in July as the new COFIX calculation methodology will include demand deposits, which pay a very low rate.
CBIRC guidelines require Chinese banks to strengthen compliance management at overseas branches in relation to AML/CTF, tax evasion, sanctions, consumer protection and cybersecurity.
Volt bank Limited has become the first 'neobank' to receive a full banking licence after having operated under APRA's 'restricted ADI' licence since last May.
The Philippines has changed its rules for calculating bank capital to better reflect asset quality and align with computations used for capital adequacy.
New rules requiring disclosures to customers of credit assessment procedures and loan rate calculations have been introduced by South Korean regulators.
The Australian Payments Council is inviting comments to review it 2015 Australian Payments Plan aimed at supporting digital payments.
In addition to easing the requirements for registering as a professional investor, the FSC will introduce a new class of brokerage firm that will specialise in channelling funds to SMEs.
The two countries will promote depository receipts, build an offshore market for A-share index derivatives in Frankfurt, and improve access for banks and insurers in either market.
South Korea’s central bank said it plans to entrust local asset managers with up to $300mn of its investments in developed markets.