Hong Kong is ready for Islamic bonds following the establishment of a tax framework that supports sukuk issuance, and as the government further develops a market for such bonds in the territory with the debut of a government sukuk.
Indonesia’s regulators are planning to roll out initiatives to develop Islamic finance.
Singapore Exchange has launched the clearing of Non-Deliverable Interest Rate Swaps in Malaysian Ringgit and Thai Baht.
South Korea’s central bank has joined standard-setting body Islamic Financial Services Board (IFSB).
Minister of International Trade and Industry (MITI) is committed to enhancing the capacity and competitiveness of small and medium enterprises (SMEs).
Islamic banking institutions get a transition period of until June next year to reclassify Islamic deposits.
Bursa Malaysia Bhd has increased the number of stocks that can be traded in the country’s securities borrowing and lending (SBL) market.
Algorithmic electronic trading strategies in Asia appear to be poised for continued growth; however, more consistent regulatory regimes are required to promote further development of the market.
Malaysian Banks have been told to have a minimum collective assessment (CA) ratio of 1.2% by the end of next year.
Banks in Singapore are to stop setting a reference rate for the Indonesian rupiah after March 27.