The Financial Supervisory Commission has relaxed rules on credit card use, allowing banks to issue dual-currency credit cards to clients.
The Basel Committee has finalised a new approach for measuring counterparty credit-risk exposures.
Hong Kong Exchanges & Clearing said it is in talks to boost cooperation with mainland counterparts on mutual access, but no agreement has been reached.
Justice Minister Michael Keenan has assured banks that they will not be “overregulated” despite tougher laws to counter money laundering and terror financing.
The Bureau of Internal Revenue stressed the need to lift the bank secrecy law for tax purposes to bring the Philippines in line with countries establishing a single and consistent global standard in tracking tax fraud.
The Singapore Exchange (SGX) plans to launch the first electricity futures in Asia and is consulting the public on rules and details that will govern the proposed power contracts.
The Islamic Financial Services Board has adopted a revised guideline on the supervision of Islamic finance institutions to tighten regulatory oversight of industry practices.
Hong Kong Exchanges and Clearing (HKEx) has appointed Gerald Greiner as advisory chairman for Group Clearing and Regulatory Affairs and chief compliance officer of the exchange.
Commerce Minister Craig Foss is welcoming a new era for New Zealand’s financial markets as the Financial Markets Conduct Act comes into force today.
Australia’s head of the financial systems inquiry David Murray has warned that tough banking capital rules designed for the United States and Europe may be hurting economic growth in Australia.