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.
China will promote the listing of asset-backed securities on stock exchanges, according to a China Banking Regulatory Commission official.
The Securities and Futures Commission (SFC) has granted a licence to the London Stock Exchange (LSE) to accept Hong Kong financial firms as exchange members.
Banks and industry super funds will face tougher penalties for luring clients into default superannuation funds with incentives.
The second update to the Level 1 assessments of Principles for Financial Market Infrastructure implementation monitoring shows that good progress has been made by the 28 participating jurisdictions.