New Zealand could be an early adopter of the multilateral follow-up to the controversial United States Foreign Account Tax Compliance Act (FATCA), but local banks are raising concern about the readiness of the sector for such initiative.
A study covering over 30 markets shows that while improving market fairness helps reduce transaction costs, not all market design changes enhance both fairness and efficiency.
Singapore authorities are seeking industry views on new regulations to help financial institutions in Singapore comply with the US Foreign Account Tax Compliance Act.
China will remove a ban on foreign banks opening more than one branch in each Chinese city, giving them easier market access.
Singapore Exchange (SGX) is seeking industry views on its bid for broader enforcement powers against market participants that violate its listing rules.
The Securities and Futures Commission is recommending that the the city’s stock exchange tighten its vetting process for Growth Enterprise Market-listed (GEM) companies that seek listing on the main board.
China's central bank has punished four third-party payment companies for mishandling bank card transactions to escape paying higher fees.
Singapore Exchange Ltd plans to introduce a minimum trading price requirement to enhance the securities market and curb excessive market speculation.
The Australian Prudential Regulation Authority has released for industry consultation a paper that outlines the new disclosure requirements for authorised deposit-taking institutions.
China has has given foreign players access to its gold market following the launch of the Shanghai Gold Exchange’s international board.