Major banks’ capital buffer recorded slight decline although remaining at comfortable levels at the end of last year as banks raised record amounts of cash to meet tougher regulatory requirements.
Indonesia is preparing a five-year plan to develop Islamic finance by encouraging the three large state-owned Islamic banks to merge, a move that could spur smaller players to link up in order to remain competitive.
China will soon launch a new pilot scheme in six cities allowing individuals to invest directly overseas in property, stocks and bond markets.
South Korea will provide US$600 million in soft loans for major development projects in Asia over the next three years following a deal signed with the Asian Development Bank (ADB).
Indonesia’s constitutional court is expected to decide soon on whether the Financial Services Authority (OJK) can continue to supervise the country’s banking industry.
From July, funds from Hong Kong and China can be sold in each other's markets, after regulators officially endorsed the launch of the much-awaited mutual fund recognition scheme.
India’s capital markets regulator has named Infosys founder N.R. Narayana Murthy to head an 18-member panel that will prepare a new regulatory framework for startups and alternative investments.
S. Korea plans to launch an electronic securities system by 2019 to cut costs and enhance transparency in transacting securities, the Financial Services Commission (FSC) said.
Prime Minister Shinzo Abe unveiled on Thursday a plan to expand Japan’s financing for infrastructure projects in Asia to $110 billion, as China spearheads a new regional investment bank.
Hong Kong Exchanges and Clearing Ltd (HKEx) is exploring the possibility of setting up a commodities link with mainland China similar to the the city’s stock connect program with Shanghai.