Proposal rumoured to be issued this week will also cut minimum investment requirement.
‘Ailing’ rural bank had total deposit liabilities of USD573,845, insured deposits of USD493,305.
Increased transaction limit comes with warning on controls and customer education.
Central bank says introduction faces ‘various regulatory and supervisory challenges’.
Regulator has recently warned of market manipulation; Shenzhen-HK link due to launch this month
Upcoming reports and consultations cover correspondent banking, conduct and derivatives regulation.
Regulator says move is continuation of efforts to enhance coordination and management.
Regulatory requirements relaxed; Singapore to promote fintech innovations ‘within boundaries’.
Managing director discusses ‘activity-based’ payments regime, robo-advice rules, financial cybersecurity unit.
Securities regulator discusses robo-advice mechanism, central information repository and blockchain deployment.
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