Caixin reports that Cheng Boming was among 11 CITIC executives detained for alleged insider trading and leaking information during 2015 market meltdown.
Summit to include ‘codeathon’, with 80 participants demonstrating new digital tools and ideas to address the challenge of terrorist financing.
Ravi Menon sets out raft of initiatives including new Payment Services Bill, technology risk management guidelines, machine readable forms.
Move follows introduction earlier this year of licensing system for foreign asset managers to set up private funds in China.
ANZ and NAB will pay a total of $76mn for attempting to manipulate Bank Bill Swap Rate; Westpac Banking still fighting claims.
Trade body says no online forex, precious metal, futures or index-based leveraged trading has yet been approved by national regulators.
MAS executive director says ICOs could be an example for securities markets; Malaysia to consider secondary market for digital assets.
Credit unions, building societies will be able to raise funds without having to forego their status as customer-owned entities.
Although China has set up supervisory mechanisms, it has not yet established an information sharing mechanism to help establish global systemic risk.
Wu Qing, chairman of Shanghai Stock Exchange, calls for greater liberalisation; PBOC official says to consider lowering access thresholds.