The Philippine central bank has issued a draft circular to support its new mandate as the primary regulator for the country’s payment systems.
The European Commission recognises Japan's rules on valuation, dispute resolution and margin exchange for uncleared OTC derivative contracts as equivalent to EMIR.
Coordinated inspections found that a licensed corporation owned by a subsidiary as well as a bank within a Mainland-based group had adopted “complex, opaque financing arrangements”.
Under an updated MoU, the Shanghai Stock Exchange and SIX Swiss Exchange to explore the feasibility of developing a stock connect programme.
An MoU sign by the SZSE and SET this week will facilitate the development of cross-border products such as ETFs, depositary receipts, indices and green finance products.
KT Corporation was planning to up its stake in the internet-only bank to 34%, but the FSC put its review process on hold amid an FTC antitrust probe.
The FSA reportedly wants to ensure appropriate measures have been implemented for customer protection and legal compliance after recent management changes.
The FPA says advisers are worried old cases will be judged against newer, stricter advice standards and they may not be covered by professional indemnity insurance.
The regulator has reduced the minimum subscription size and introduced defined trading lots for real estate and infrastructure investment trusts in India.
Hong Kong fund managers are asking for Shanghai and Shenzhen to be included in the list of overseas markets approved for MPF investment.