The growth in leverage loan and CLO markets has resulted in increased leverage in the financial system, weaker creditor protections, and increased complexity in these markets, the FSB warns.
This list presents the most-read contributed articles published by Regulation Asia in 2019, based on aggregated user traffic analytics.
This list presents the most-read new stories published by Regulation Asia in 2019, based on aggregated user traffic analytics.
Open banking will serve as a catalyst for various innovations and bring tectonic shifts in the financial industry, FSC chairman Eun Sung-soo said at the launch event.
New requirements to have anti-corruption and whistle-blowing policies in place will promote better governance, accountability and transparency for investors.
A unit of China’s state fund, the Shandong government’s asset management arm, and UOB are among those that will invest in new shares to prop up troubled lender Hengfeng Bank.
The banks received funds for their clients through the Bank of the Philippine Islands, which was the local partner of the Westpac money transfer service known as LitePay.
The paper highlights India's Aadhaar programme, which promotes financial inclusion, offers more robust AML/CFT checks, and has led to the creation of several innovative and interoperable digital platforms.
At its AGM on Tuesday, ANZ announced an additional A$682mn charge for remediation work, where a total 3.4 million accounts "need fixing".
The CSRC gave JP Morgan approval to set up majority-owned securities joint venture in China since March, but it has not been granted a licence to operate until now.