The rising number of financial services firms outsourcing their IT infrastructure needs is a growing trend amid global regulatory complexity and tougher market environment, says software and IT services provider SunGard.
Globally, regulators are evolving their Know Your Customer (KYC) and Anti-Money Laundering (AML) policies for doing business in their jurisdictions to increasingly stringent standards.
Hong Kong Exchanges and Clearing Ltd has signed an agreement with the Shanghai Stock Exchange and China Securities Depository and Clearing Corporation for the establishment of Shanghai-Hong Kong Stock Connect.
Regulation Asia and Pivot Management Consulting offer financial regulation coverage, consulting and events.
Singapore plans wider retail investor participation in the bond market by offering increased access to corporate bonds in a bid to boost trade in securities.
Hong Kong Exchanges and Clearing (HKEx) said it will cut levies imposed on transactions in its markets on behalf of the Securities and Futures Commission from November.
The State Council has appointed Wu Lijun, former assistant chairman of the China Securities Regulatory Commission (CSRC), to head the Shenzhen Stock Exchange.
The Securities and Exchange Board of India plans to make it mandatory for issuers to reserve 25% of an initial public offering for domestic mutual funds and insurers.
The Financial Services Authority (OJK) is seeking to consolidate Indonesia's banking sector, urging state-owned lenders to acquire stakes in regional banks or BPDs.
Imposing losses on bank creditors in a crisis could see the banking sector downgraded by ratings agencies, increase funding costs across the economy and potentially exacerbate a downturn, Australia’s largest banks have warned.