The Monetary Authority of Singapore said financial institutions are free to test certain digital innovations without the approval of the regulator, while announcing other initiatives aimed at boosting the fintech sector.
The Monetary Authority of Singapore has issued a consultation paper on proposed regulations for central clearing of over-the-counter derivative contracts.
The International Organization of Securities Commissions (IOSCO) has published a consultation report proposing an updated set of common international standards of best practice for investment funds.
The China Banking Regulatory Commission has issued guidelines for the setting up of more privately-owned banks in the China.
The Pension Fund Regulatory and Development Authority is collecting information on unregulated pension funds, with the aim of bringing them under regulatory oversight.
The Australian Prudential Regulatory Authority will amend its prudential standards to support the effective implementation of government proposals to improve independence of super fund governance.
Indian Banks are having a difficult time restructuring debt in spite of new rules the Reserve Bank of India has put forward to help them.
The Reserve Bank of India has said that public sector banks are adequately capitalised, but they will need additional funds to comply with international capital adequacy norms in the future.
The HKMA advises all licensed banks to follow its guidance to ensure a smooth transition in the upcoming migration to the new OTC derivatives reporting regime.
Indonesia's Financial Services Authority says it is planning to issue rules in September aimed at improving risk management at financial conglomerates.