The Securities and Exchange Board of India has asked international wealth managers to register their offshore units with the regulator if they are soliciting business in India.
The State Bank of Pakistan has designed a regulatory framework for identifying and overseeing the nation’s Domestic Systemically Important Banks, as part of its commitment to ensure stability of financial system and further strengthen the supervisory and regulatory regime.
Japan’s Financial Services Agency is considering introducing regulations for trading bitcoins and other virtual currencies, possibly through a registration system for operators.
China’s National Development and Reform Commission says it will further develop the bond market using initiatives to boost debt funding for infrastructure projects which will also server to boost the economy.
China’s Ministry of Finance has granted "bad bank" licences to three asset management companies (AMCs) allowing them to buy non-financial distressed assets from corporates directly.
Banks should be cautious expanding their business and avoid over-reliance on wholesale funding, according to a white paper by Wolters Kluwer Financial Services.
The Australian Securities and Investments Commission is being urged to crack down on the disclosure of fees by private equity firms amid fears local super funds and investors are being overcharged.
The draft rules will prevent users from transferring funds to other users' bank accounts, cap the size of daily transactions and increase identification requirements.
The State Bank of Vietnam has issued new rules on debt trading which is expected to encourage foreign investors to buy non-performing loans from local financial institutions.
SFC fines BNP Paribas HK$15m for failing to properly prioritise client orders in matching and obtain their consent in relation to its dark liquidity pool trading services.