Regulators should pay close attention to banks’ lending standards and risk profile of borrowers to avert massive credit losses in banks in times of economic shocks, a Reserve Bank of Australia (RBA) paper revealed.
Specialist financial services regulatory consultancy Bovill said it named Eddie Lim as new head of Bovill Asia.
The People’s Bank of China has cut a quarter of a percentage point off benchmark lending and deposit rates, effective Monday.
India is setting up a panel that will suggest ways to resolve disputes arising from the country’s imposition of the minimum alternate tax (MAT), a levy imposed on years-old capital gains of foreign companies.
China’s banking regulator urged commercial banks to boost lending to riskier small businesses and the rural sector in a bid to bolster the country’s overall economy.
South Korea's Financial Services Commission (FSC) said the state-run policy lenders Korea Development Bank and the Industrial Bank of Korea will allocate 200 billion won ($184.9 million) in funds this year to support financial technology companies or fintech.
China plans to allow Chinese individuals to invest in financial markets overseas through the Shanghai Free Trade Zone (FTZ).
Omgeo announces that Singapore’s sovereign wealth fund GIC has adopted Omgeo ALERT as its settlement instruction service.
China moves towards liberalising its domestic capital markets by allowing a group of foreign institutions to invest in its domestic bond market.
Taiwan’s Financial Supervisory Commission said it will update a policy that will promote mergers in the domestic banking industry.
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