The Reserve Bank of India has asked the Income Tax Department to expedite the collection of financial and tax history of almost 50 companies seeking licences to operate small finance and payment banks in India.
SFC fines Nomura Hong Kong HK$4.5 million for failing to promptly report trading misconduct by one of its traders.
Increasingly complex and co-dependent regulations and tax policies are changing the process of onboarding and monitoring clients and counterparties.
The Depository Trust & Clearing Corporation has urged legislative and industry action to address three key obstacles it has identified that are hindering achievement of the G20 transparency goals.
Creation of the new Financial Centre Advisory Panel aimed at strengthening dialogue and partnership with the financial industry.
Taiwan’s Financial Supervisory Commission plans to start issuing licenses for third-party payment services in August.
The Monetary Authority of Singapore has announced the formation of a new FinTech and Innovation Group within its organisation structure with effect from 1 August 2015.
The China Financial Futures Exchange and the Moscow Stock Exchange have signed a memorandum of understanding to deepen their partnerships and promote common development.
Korean Banks are stepping up customer retention efforts by offering benefits such as banking fee discounts and prime interest rates, in a bid to prevent them from moving their accounts to other banks.
Ministry of Finance releases draft regulation which would revamp the way the RBI sets monetary policy.