Commerce Minister Craig Foss has announced changes to the regulation of discretionary investment management services to help smaller financial advisers obtain the service license.
Australia’s top fund managers will lead high level discussions with South Korean officials and chief executives on how they can develop closer ties in financial services.
The State Bank of Vietnam has proposed new rules that would allow local banks to collect fees on cash deposits, in a move to limit cash transactions.
Market regulator Securities and Exchange Board of India has asked depository participants to share information about foreign portfolio investors with banks, as part of efforts to harmonise norms focused on client information.
South Korea's foreign exchange policy will remain unchanged under the new economic team to be led by the finance minister nominee, according to a senior government official.
Bank Negara Malaysia and the Malaysia Competition Commission have agreed to collaborate in areas of common regulatory objectives.
The Monetary Authority of Singapore will launch a facility providing overnight Renminbi (RMB) liquidity to financial institutions in Singapore from July 1.
The Hong Kong Monetary Authority has conducted a drill with banks on business continuity plans (BCP) to test the reliability and stability of the communications between the back-up offices of the regulator and the lenders.
The Philippine Senate has approved a bill seeking to expand the participation of foreign banks in the Philippine financial sector.
The China Banking Regulatory Commission (CBRC) is considering a more flexible approach to determining the loan-to-deposit ratio so banks can have more money to lend to businesses, an official with the regulator says.