Malaysia’s central bank is seeking industry views on proposals to amend the Development Financial Institutions Act 2002 to further strengthen the industry.
Australian Securities & Investment Commission chair Greg Medcraft has been elected a second term as chairman of the board of the International Organization of Securities Commissions.
The Financial Services Authority (OJK) is seeking to consolidate Indonesia's banking sector, urging state-owned lenders to acquire stakes in regional banks or BPDs.
Singapore-based fund managers can now offer their funds directly to investors in Malaysia and Thailand under a streamlined authorization process following the launch of the ASEAN Collective Investment Scheme (CIS).
Bank Indonesia and the Financial Services Authority are discussing the possibility of allowing the trading of short-term sukuk or Islamic bonds in a move that could diversify sharia financial products and help sharia banks raise cash in the market.
The Hong Kong Monetary Authority and Bank of Thailand introduced a new cross-border payment link between Hong Kong’s US dollar real time settlement system and Bank of Thailand’s Baht system.
Malaysian ownership of Indonesian banks came under the spotlight following a proposed bill that compels foreign banks to trim their shareholding to 40%.
Hong Kong is keen to further develop its Islamic finance market, a Securities and Futures Commission official said, adding that the city aims to work closely with Malaysia in enhancing its platform for Islamic finance.
China and the UK have started the direct trading of the yuan against the sterling, in a bid to reduce costs from currency conversions.
Bank Negara Malaysia and the Malaysia Competition Commission have agreed to collaborate in areas of common regulatory objectives.
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