Australian Securities and Investments Commission chairman Greg Medcraft dismisses concerns that large asset managers pose a systematic risk to the financial system.
Japan's new corporate governance code may enable banks to sell off holdings of clients' stocks and free up their balance sheets.
The high liquidity coverage ratios reported by Korean banks with their March quarterly results are credit positive, according to a report by Moody's Investors Service.
Bank of China has been approved to participate in the London Bullion Market Association auction which sets the price of gold in the London market.
Under Malaysia’s Securities Commission's new framework wholesale products can be launched once the required information is lodged via its online submission system.
China has given powers to the provincial offices of its bank regulator to approve asset-backed securities in a bid to quicken the development of the securitisation market.
The People’s Bank of China has issued a report on RMB internationalisation, which includes confirmation of the year-end launch of its new payments system.
ANZ Bank and Westpac have joined Commonwealth Bank in testing new payments technology from US-based group Ripple Labs, representing a possible transformation of the payments industry.
Financial authorities of Japan, the United States and China plan to establish joint regulations to prevent the use of virtual currencies to finance illegal activities such as terrorism.
The Securities and Exchange Board of India says Foreign Venture Capital Investors can be granted status as Foreign Portfolio Investors if they meet certain guidelines.