Investors will be allowed to buy a maximum of 1% of a company's total shares starting 17 September, a rule aimed at preventing error trades.
Consumer data rights framework to be initially applied under the open banking regime, with the big four banks set to make data available by 1 July 2019.
Over 1,700 financial institutions have shared customer account balances and income details with the tax authority, as required by AEOI.
A series of class actions for millions of super fund customers could cost Australian financial institutions up to A$1bn.
Union Bank of India, Bank of India and Bank of Maharashtra are each fined 10 million rupees.
A 20% ceiling was introduced in 2012 to prevent banks from buying up bonds issued by their own underwriting departments; banks can now buy any portion of a bond sale that is not fully subscribed.
Continuous trading will enable real-time trading by matching orders immediately; existing call auction mechanism collects orders over five seconds before matching occurs.
Testing phase of new platform deployed at financial institutions including BOC, CCB, CMB, Ping An and StanChart, in a bid to boost efficiency of trade and financing activities.
New global initiative announced by ANNA and GLEIF will map ISINs to their corresponding LEIs, effectively linking the issuer and issuance of securities.
On 1 September, India’s postal services launched a payments bank to offer basic banking and remittance services, starting from 650 post offices with an aim to expanding to its network of 155,000 post offices by 31 December.