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The minimum total capital requirement for banks will increase 9% from 1 July 2024. Banks will also be expected to hold a ‘Prudential Capital Buffer'.

Hong Kong's SFC and Thailand's SEC say the MRF scheme has taken effect. Both have issued new guidance on obtaining authorisation under the scheme.

The project enables full straight-through processing for corporate actions, reducing risk for market participants and facilitating more informed decision-making.

There are insufficient incentives within the framework to ensure the FATF Standards are implemented in a way that supports inclusion.

Large securities firms will be allowed to extend credit to overseas branches and subsidiaries in which they have at least a 50 percent stake.

The new code seeks to enhance board independence, promote board diversity, and increase attention on sustainability and ESG issues.

The law prohibits the entities being audited from refusing to provide information, delaying such provision, and submitting false information.

Little concrete work has been done by the FATF so far to actively promote financial inclusion as part of its primary integrity mandate.

The addition of SGX data to Nasdaq’s sustainable bond network will enhance transparency of green, social and sustainability bonds in Asia Pacific.

Companies that provide data to foreign judicial or law enforcement agencies without approval can have their business licences revoked and be penalised up to CNY 5 million.