Although it is still unclear which of the proposals will be adopted, the industry sees the data as so compelling that regulators will recognise the need for some form of relief.
In a keynote address this week, HKMA executive director Alan Au discussed the three pillars of bank culture reform, progress at banks, and new initiatives to drive culture reform forward.
Bank of China's perpetual bond issuance is likely to see participation from foreign investors as China pushes to further open up its bond markets.
Crypto exchange operators are prohibited from accepting new clients and ongoing ICO projects must return all client funds, until the securities regulator is ready to formally authorise their activities.
JETCO launches the city's first Open API exchange; New Accenture survey indicates willingness of Hong Kong consumers to share personal financial information with third parties.
Listed commercial banks in Vietnam will need to raise an estimated $10bn in capital this year to meet Basel II capital requirements by 1 January 2020.
Companies will be required to verify user data based on national IDs and phone numbers, effectively removing the anonymity of blockchainin the country.
Only 7 of 21 crypto exchanges in South Korea passed the government's security audit; the rest are "vulnerable to hacking attacks at all times."
New report from GFMA and New Financial offers policy recommendations to support the growth of deeper and more effective capital markets.
M&A activity between domestic brokerages is set to increase, says S&P Global. Consolidation may help local players better compete against foreign entrants.