The Hong Kong Monetary Authority said it is removing the daily limit for converting the city’s currency to Chinese yuan when the landmark Shanghai-Hong Kong stock trade program is launched on Monday.
For non-EU funds marketing into Europe, the AIFMD is a full of potential pitfalls. Managers must get to grips with the complexities of reporting and conquer the confusion that still reigns.
China has approved a long-awaited Shanghai-Hong Kong Stock Connect scheme, which allows cross-border trade between the two bourses.
The Singapore Exchange has launched a board-level inquiry to investigate the power outage on Wednesday that halted trading at the largest southeast Asian stock market for hours.
Hong Kong’s financial regulator is looking into the loan exposure of Taiwanese banks to mainland Chinese companies and has launched an onsite probe into the matter.
The Monetary Authority of Singapore has returned S$10 billion ($8 billion) in fines it levied on 19 banks connected to the rigging of financial benchmarks and foreign exchange.
The Australian Prudential Regulation Authority has released a guide for banks and other deposit-taking institutions on sound risk management practices for residential mortgage lending.
Top officials at Australia’s largest banks are reiterating their calls for the Financial System Inquiry to consider the cost of imposing higher capital requirements on banks to counter systemic risks.
Australian Securities and Investments Commission (ASIC) has clarified the role of credit licensees in lending to clients under a new guidelines it published recently.
South Korea's central bank has designated 12 banks as market makers for direct yuan-won transactions, which open mid next month.