The Reserve Bank of India has fined Indian Bank 10 million rupees for deficiencies in regulatory compliance with cybersecurity norms.
The updated framework accounts for finalised post-crisis reforms under Basel III and includes new disclosure requirements for asset encumbrance and capital distribution constraints.
An inquiry by Australia's competition watchdog found that opaque discretionary mortgage pricing at major banks is stifling competition and disincentivising borrowers from seeking better offers.
New rules for financial holding companies could include requirements on capital adequacy, caps on non-financial assets, and segregation of business units.
Stock exchanges, clearing corporations and depositories have six months to put in place appropriate systems and processes for implementation of the new guidelines.
“The introduction of innovative ETF products is a welcome development for our ETF market, and should lead to a more vibrant ETF ecosystem," said Bursa Malaysia chief Tajuddin.
The US SEC has filed charges against an outsourced IT contractor for trading on inside information while working at the Singapore branch of an investment bank.
Chinese stock exchanges will work with HKEX to formulate rules enabling mainland investors' access to Hong Kong-listed dual class shares by mid-2019, after banning them in July.
The CBIRC has fined six banks a combined 156.3 million yuan for breaching rules on wealth management products, lending, and misleading advertising.
The HKMA has provided an update on the processing of virtual banking applications, saying it will shortlist one-third of remaining applicants with an aim to granting licences in Q1 2019.