New rules from SAFE will allow foreign employees of China-listed companies to invest domestically using funds remitted into the country from overseas.
The new panel will assess formal applications for internet-only bank licences. Chunghwa Telecom, Waterland Financial and Line Financial are each seeking licences.
The requirement to obtain PBOC approval for opening a corporate bank account will be scrapped nationwide by year-end, starting from 25 February.
New standards will be introduced for how companies are included in the First Section, the TSE’s top tier for listed companies, as the exchange seeks to boost market appeal.
MAS has announced the formation of a new industry-led advisory committee, the CGAC, which will identify corporate governance risks and work to improve Singapore's CG Code.
South Korea’s booming P2P lending market is in need of new legislation to enhance protections for investors and borrowers, says FSC chairman Choi Jongku.
IOSCO has identified some gaps in the implementation of its 'Secondary and Other Market Principles', particularly in nascent and emerging market jurisdictions.
A former FX options and futures trader has received a 2-year suspended sentence for falsifying entries in Deutsche Bank's internal records.
The latest penalties involve banks' non-compliance with RBI directions on the monitoring of borrowers' end use of loan funds, as well as failures related to KYC/AML compliance.
Vietnam’s largest banks are pushing the government to allow them to sell more equity to foreign banks to bolster their capital levels.