Bangladesh’s decision to approve three new banks has drawn criticism, given the rising nonperforming loans and declining governance standards in the banking sector.
ASIC is considering over 40 enforcement cases, a number of which involve misconduct by large financial institutions, their employees or subsidiary companies.
India’s central bank will pay a $3.9bn interim dividend to the government amid pressures to transfer its surplus reserves.
Currently, odd-lot trades are only permitted in after-hours trading. The introduction of intraday odd-lot trading will boost daily turnover and give retail investors more choice, the FSC says.
Many local government-run AMCs have not been focused on dealing with bad loans as intended due to a lack of clarity on their business scope.
The guide assists organisations in incorporating their counterparties' cybersecurity self-attestation data into their risk management frameworks and governance models.
The Hong Kong unit of Guosen Securities failed to make enquiries into or report thousands of suspicious third party deposits.
The draft directions under consultation include requirements related to administrators' minimum net worth, governance arrangements, and organisational structure, among other requirements.
Amendments to the BSP’s charter will boost its capitalisation and extend its supervisory remit to all financial institutions in the country.
Amid an ongoing ACCC probe into the big four auditing firms, a parliamentary committee is asking for a review of the audit market to explore conflicts of interest and market dominance issues.