Philippine banks may be required to increase their minimum capital by as much as four times, a move that may trigger a consolidation in the local banking sector.
South Korea's financial regulator said it plans to ease capital requirements on asset managers starting next year, in a broader deregulation push for the financial sector.
Myanmar has delayed the announcement of foreign banks that will be allowed to operate in the country.
New Zealand could be an early adopter of the multilateral follow-up to the controversial United States Foreign Account Tax Compliance Act (FATCA), but local banks are raising concern about the readiness of the sector for such initiative.
A study covering over 30 markets shows that while improving market fairness helps reduce transaction costs, not all market design changes enhance both fairness and efficiency.
Singapore authorities are seeking industry views on new regulations to help financial institutions in Singapore comply with the US Foreign Account Tax Compliance Act.
China will remove a ban on foreign banks opening more than one branch in each Chinese city, giving them easier market access.
The Securities and Futures Commission is recommending that the the city’s stock exchange tighten its vetting process for Growth Enterprise Market-listed (GEM) companies that seek listing on the main board.
Singapore Exchange (SGX) is seeking industry views on its bid for broader enforcement powers against market participants that violate its listing rules.
China's central bank has punished four third-party payment companies for mishandling bank card transactions to escape paying higher fees.