Banks in developed countries have terminated relationships with banks in Bangladesh, presenting difficulties for international trade and finance.
Indonesia's central bank has banned the use of foreign currencies for domestic transactions to control onshore demand for dollars and ease downward pressure on the rupiah, effective on July 1.
Indonesia's Financial Services Authority says it is planning to issue rules in September aimed at improving risk management at financial conglomerates.
The Bangladesh Securities and Exchange Commission has implemented new rules to govern venture capital firms, introducing a new source of funding for start-ups and small firms.
Indonesia's Financial Services Authority says it may ease foreign ownership requirements in cases where an overseas bank plans to convert an Indonesian commercial lender to an Islamic one.
Under Malaysia’s Securities Commission's new framework wholesale products can be launched once the required information is lodged via its online submission system.
The Securities and Exchange Commission of Pakistan has approved a four-member sharia advisory board to oversee Islamic financial products in the country.
Commercial Bank of Ceylon and Hatton National Bank will become the first banks in Sri Lanka to become compliant with International Financial Reporting Standards.
Study commissioned shows the long-term success of the Shanghai-Hong Kong Stock Connect hinges on removing barriers to participation.
Taiwan’s asset management industry sees an equity-trading link with Hong Kong as the next move following the launch of the Shanghai-Hong Kong Stock Connect