China plans to launch its first crude oil futures contract this year as the nation further liberalises its capital markets.
ASEAN Exchanges has launched an expanded FTSE ASEAN Index Series including a comprehensive suite of indices broadly covering the growing ASEAN equity market.
Bank Negara of Malaysia and the Bank of Korea have launched a currency swap facility worth up to RM5 billion, or five trillion won, to facilitate trade settlements between companies in Malaysia and South Korea.
Malaysia's Audit Oversight Board urged audit firms to ensure quality of audit procedures.
Bank Negara expressed concern that criminal activities in the money services business could adversely impact socio-economic development, after Malaysia recorded an illicit outflow worth RM174 billion based on a Global Financial Integrity (GFI) report last year.
The Financial Services Authority (OJK) says it will focus on encouraging more domestic investors into the country’s foreign-dominated capital market.
Excess regulation can result in “unintended effects” in the overall development of the financial markets, says an economist at the World Bank.
Financial authorities in Asia have strengthened ties to advance their financial cooperation through the discussion of critical and common issues that affect markets in the region.
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.
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