An analysis of the Deposit Insurance regulation, explaining its main content, its subsequent impact and countermeasures by the banking industry.
South Korea’s chief financial regulator has vowed to remove barriers that have hindered large banking groups from diversifying their portfolios and doing cross-sector business.
Financial regulators are expected to investigate the record gap between the Reserve Bank of Australia (RBA) official interest rate and credit card rates.
The Securities and Futures Commission (SFC) has reprimanded and fined BNP Paribas Securities (Asia) Limited HK$11 million for failing to report more than HK6 billion of cross trades over a 10-year period.
In an effort to protect investors and boost consumer confidence, ASIC is pushing to create a register which would list stockbrokers’ disciplinary records.
In response to substantially increased trading volumes, HKEx plans to double its stock clearing system capacity.
Governor Raghuram Rajan said there was no reason for the RBI to manage public debt and he would be happy if the public debt management function goes to the government.
APRA chairman said banks must lift their efforts to ensure remuneration plans encourage ethical behaviour.
The Reserve Bank of Australia has reported that its measures to cool investment lending in housing seem to be working.
The CBRC has given the green light for MYbank to start operating in June.