The Depository Trust & Clearing Corporation has thrown its support behind a move to shorten the settlement cycle in the US financial markets for equities, bond and other trades.
South Korea’s Financial Services Commission has approved a draft regulation on the supervision of covered bond issuance, specifying the qualifications of underlying assets and setting standards for their evaluation.
Basel Committee has appointed William Coen as its next secretary general, for an initial term of three years.
The Royal Bank of Scotland (RBS) has been fined HK$6 million for internal control failures relating to the detection and prevention of unauthorized trading activities.
Hong Kong Exchanges and Clearing will offer renminbi-denominated futures for zinc, copper and nickel, under plans to expand its commodities trading this year.
The China Banking Regulatory Commission is stepping up efforts to combat illegal fund-raising over the internet, and aims to roll out an investor education campaign to guide the public.
China's banking regulator has urged trust companies to strengthen risk management, listing shareholders’ obligations and ruling out shadow banking.
The Monetary Authority of Singapore and its counterpart in Brunei have agreed to expand bilateral cooperation into new areas of partnership including monetary management and banking supervision.
China's central bank aims to boost credit flow to the rural areas with the decision to cut the reserve requirement ratio for county-level rural commercial banks and rural credit cooperative unions.
Australia’s top central banker sees the country’s financial system moving toward a more market-based sources of finance, particularly bond issuance.