The Reserve Bank has exempted regional rural banks with assets of less than $175 million from registering with the American tax authorities under the Foreign Account Tax Compliance Act.
Singapore has opened discussions with the United Kingdom on deepening cooperation on financial regulatory reforms and market developments on offshore renminbi (RMB), infrastructure funding, Islamic finance, insurance, and asset management.
The International Organization of Securities Commissions has finalized its risk mitigation standards for uncleared over-the-counter derivatives.
South Korea plans to revise local banking laws that will allow Internet-only banks to operate in the country.
Singapore Exchange said it is partnering with venture capital firm Clearbridge Accelerator Pte Ltd to develop a capital-raising platform for entrepreneurs and small and medium-sized enterprises in Asia.
Hong Kong Monetary Authority aims to create adequate capital buffer to boost the resilience of the city’s banking system with the adoption of global cash buffer standards next year.
The China Banking Regulatory Commission (CBRC) said it began a major restructuring of its departments for the first time in view of more regulatory and structural changes in the banking industry.
The U.S. Commodity Futures Trading Commission (CFTC) has approved Singapore Exchanges’ (SGX) registration as a Foreign Board of Trade (FBOT), allowing US-based clients access to SGX’s derivatives trading platform.
Hong Kong financial regulators is seeking public views on specific aspects of so-called resolution regime for financial institutions that should make the city’s financial system stable and resilient in the face of crisis and economic shocks.
Indonesia’s Financial Services Authority, or OJK, is expected to sign a bilateral agreement with China’s financial authority within the first three months of the year to pave the way for Indonesian lenders to expand into China.