Australia has signed a memorandum of understanding with Bangladesh establishing a framework for the exchange of financial intelligence related to money laundering and terrorism financing and other serious offences.
The Philippines has signed a reciprocal intergovernmental agreement with the United States to implement provisions of the Foreign Account Tax Compliance Act (FATCA).
The Australian Prudential Regulation Authority is focusing on the major banks in its response to the Murray inquiry's call for ‘unquestionably strong’ capital, appearing to let regional banks off the hook.
The Securities and Exchange Board of India (SEBI) is working on a new policy which will establish a framework for the orderly winding down of trade depositories in the event of a depository going bust or voluntarily closing its business.
More than half of firms expect to spend more than US$200 million this year on overhaul projects to ensure compliance with global structural reform requirements, with nearly one-third expecting to spend more than US$500 million.
The China Securities Regulatory Commission has increased scrutiny of peer-to-peer lenders, which have been operating outside of approved margin lending channels.
The Australian Securities and Investment Commission has released the evidence metrics it will use to report against the Federal Government’s Regulator Performance Framework, which aims to reduce the regulatory burden while achieving the same regulatory outcomes.
Former investment banker Loh Boon Chye will be presented with several challenges as he takes over at the helm of the Singapore Exchange.
China continued to liberalise its domestic capital market by scrapping quotas that limited investments.
The People’s Bank of China will soon release new regulations to regulate Internet finance and promote its healthy development.