Bankruptcy will be a last resort; Vietnamese banking sector has bad debts of 8.6% of total credit, 17.2% NPL ratio; Moody's outlook 'positive'
Chinese regulators have released a new draft legislation to restrict financial institution activity.
Singapore has released a second consultation on its proposed payments regulatory framework.
Securities and Futures Commission says Hong Kong is not ready to ban commissions and introduce a pay for advice model.
Existing OTC platform has not been successful due to institutional investors’ concerns about having to give details of their trading strategies.
The European General Data Protection Regulation should already be one of the next items on institutions’ agendas, according to Sia Partners.
Move follows introduction earlier this year of licensing system for foreign asset managers to set up private funds in China.
Credit unions, building societies will be able to raise funds without having to forego their status as customer-owned entities.
Although China has set up supervisory mechanisms, it has not yet established an information sharing mechanism to help establish global systemic risk.
Wu Qing, chairman of Shanghai Stock Exchange, calls for greater liberalisation; PBOC official says to consider lowering access thresholds.