Indonesia’s Financial Services Authority, or OJK, is expected to sign a bilateral agreement with China’s financial authority within the first three months of the year to pave the way for Indonesian lenders to expand into China.
Vietnam’s central bank has intensified its bid to overhaul the country’s banking system to bolster growth, vowing to push for bank mergers and force weak institutions to shut.
The Financial Supervisory Commission has announced a plan to launch a crowdfunding platform to back young and creative entrepreneurs.
Financial Supervisory Commission chairman Tseng Ming-chung said he will seek a common ground with the Ministry of Finance on an impending capital gains tax issue that targets major stock market players.
Taiwan’s Financial Supervisory Commission said it will pick eight financial holding firms which it could build into regional players in Asia through the provision of regulatory incentives.
Evolving global sanctions laws aimed at combating financial crime is helping drive adoption of sanctions screening solutions in markets including Asia Pacific.
The Philippines has issued the implementing rules and regulations of the amended foreign banks law that now allows foreign banks to acquire up to 100% of a local lender.
Taiwan’s financial regulator has lifted restrictions on the business activities of local banks’ and brokerages’ offshore operations to boost the country’s stock market.
Bursa Malaysia Berhad is revising the listing rules for the ACE market, aimed at boosting the competitiveness of the country’s secondary stock market.
Hong Kong’s financial regulator is looking into the loan exposure of Taiwanese banks to mainland Chinese companies and has launched an onsite probe into the matter.