The high and volatile global commodity prices have posed considerable challenges to the domestic monetary policy in several commodity importing countries.
Regulators are looking to complement their existing 'too big too fail' financial organizations with those from the non-bank, non-insurance sector.
Up to five private banks will be created in China this year as it aims to open up the financial sector and raise competition in the industry. The banks will be allowed to operate on a trial basis under the...
Hong Kong Government and regulators have launched the first stage of a public consultation on establishing an effective resolution regime for financial institutions, including financial market infrastructures.
SWIFT announces the creation of a Know Your Customer (KYC) Registry for the collection and distribution of standard information required by banks as part of their due diligence process.
The Reserve Bank of India has selected the Clearing Corporation of India Ltd. (CCIL) to act as a Local Operating Unit (LOU) for issuing globally compatible Legal Entity Identifiers (LEIs) in India.
The Monetary Authority of Singapore (MAS) has issued their response to the feedback on MAS Notice 637 and Covered Bonds Issuance by Singapore Banks.
The Commodity Futures Trading Commission (CFTC) has approved the Singapore Exchange (SGX) as a Derivatives Clearing Organization (DCO), making it the first of its kind in Asia.