An expert panel constituted by SEBI has issued recommendations that, if adopted, would enable Indian firms to list overseas and foreign companies to list directly in India.
The MAS proposes that Singapore regulated entities no longer be required to seek approval before commencing business arrangements with foreign related companies.
Asset quality in the banking system is deteriorating due to governance weaknesses, with banks dipping into their core capital due to non-payment of loans.
Wealth management subsidiaries set up by commercial banks can directly invest funds from wealth management products into the stock market.
UBS will become the first foreign financial institution to take a controlling stake in a China-based securities joint venture, having now received formal approval from the CSRC.
The MAS will support financial institutions that establish global or regional cybersecurity centres in Singapore, or run key cybersecurity functions from the city to develop local capabilities.
The CFFEX has lowered margin requirements and trading costs on stock index futures, while also raising the daily trading limit on individual futures products.editors
The bourse said the move to a shorter settlement cycle will improve operational efficiency, reduce counterparty risk and improve the competitiveness of Malaysia's capital market.
The approval marks the launch of the Shanghai-London Stock Connect, which allows China- and London-listed firms to issue depository receipts in each other's markets.
The PBOC says preparatory work has been completed to enable international investors' access to China's interbank bond market, via Bond Connect, through Bloomberg terminals.