The expansion plans of Malaysia-based CIMB Group and Philippines-based BPI (Bank of the Philippine Islands, rated BBB-), and their transition to Basel III, is driving them to raise capital, says Fitch Ratings.
A federal court rules that U.S. banks must report to foreign governments on the holdings of citizens in line with FACTA.
Commodities market watchdog Forward Markets Commission is refining rules for trading commodity futures to lure market participants.
China issues new rules to fight terrorism, requiring banks to report transactions suspected of links to terror activities and freeze assets of people named as belonging to terrorist groups.
Bank Negara Malaysia consults the financial industry on a new reference rate framework to replace the base lending rate quoted by financial institutions in the pricing of retail loans.
South Korea's regulator plans to tighten futures and options trading rules to limit risks of severe price swings in the market.
Prudent management of these risks together with effective supervisory oversight is critical in protecting the safety and soundness of banks.
The European Union agreed to an overhaul of securities markets following more than two years of complex negotiations.
With the recent rise of Bitcoin across the globe, the Hong Kong Monetary Authority (HKMA) writes a cautionary letter to authorized institutions (AI) in the city state about virtual currencies.
A Singapore government-wide National Risk Assessment (NRA) exercise over two years has found in many sectors a robust regime to combat money laundering and terrorist financing.