Singapore has reached an agreement with the United States under a law that require foreign banks, investment funds and insurers to hand over information about Americans’ account to the US Internal Revenue Service.
A foreign portfolio investor will be allowed to buy additional shares in a company only if its holding is less than 10%, according to norms for the new overseas investment regime that starts in June.
The Financial Supervisory Service has stepped up its monitoring of Chinese online payment service firm Alipay that will open a new type of offline service in the country.
The Japanese Ministry of Finance will help draw the regulations for the Stock Exchange Commission in Myanmar, said a Myanmar finance official.
A Joint Forum of the International Organisation of Securities Organisations has called for improved point-of-sale (POS) disclosure standards for distributed financial products.
A long-term cultural shift for the better is underway in New Zealand financial services as the new Financial Markets Conduct Act 2013 takes effect.
The finance ministers and central bank chiefs from the 10 Association of Southeast Asian Nations member states and three partners—Japan, China and South Korea—agreed to boost collaboration in strengthening the Asian bond markets.
The Vietnamese government is finalising polices and regulations on reforming state enterprises through privatization and public offerings.
The Australian Prudential Regulation Authority has released a discussion paper outlining a revised standard for securitisation.
Excess regulation can result in “unintended effects” in the overall development of the financial markets, says an economist at the World Bank.