Nepal’s new draft law that will put financial institutions under the regulatory jurisdiction of provincial governments is drawing criticism from bankers, regulators and economists, including the central bank itself.
Thailand’s Securities and Exchange Commission has announced it will make debt securities offerings more convenient and less time-consuming for issuers, in line with international practices.
SWIFT has announced that Vietnam Bank for Agriculture and Rural Development has joined the Know Your Customer Registry.
Bursa Malaysia has on introduced enhancements to listing requirements for its ACE Market in a bid to incentivise more small and medium enterprises to list.
The Philippines has signed a reciprocal intergovernmental agreement with the United States to implement provisions of the Foreign Account Tax Compliance Act (FATCA).
The Securities Commission Malaysia has liberalised its rules governing the fund management industry by allowing the establishment of boutique fund management companies through a more facilitative structure.
Vietnam’s banking sector is looking to meet standards for operational risk management and anti-money laundering in line with international practices.
The State Bank of Vietnam has announced it will lift 2015 credit growth targets for a number of domestic and foreign banks to support economic growth.
Indonesian regulators are promoting new sharia-compliant financial tools and considering easing foreign ownership limits for domestic Islamic banks.
Banks in developed countries have terminated relationships with banks in Bangladesh, presenting difficulties for international trade and finance.