Philippine banks with US-citizen clients who are non-compliant with US tax rules may face sanctions.
The Financial Supervisory Commission (FSC) is easing restrictions on the offshore banking units (OBUs) of Taiwanese lenders to boost the local asset management industry.
The Financial Supervisory Commission has allowed foreign futures traders to make direct transfers of excess margin deposits between accounts with different futures commission merchants.
The Financial Supervisory Commission said it will adopt a more transparent system for approvals of foreign investment in the country.
Bursa Malaysia Bhd has increased the number of stocks that can be traded in the country’s securities borrowing and lending (SBL) market.
Algorithmic electronic trading strategies in Asia appear to be poised for continued growth; however, more consistent regulatory regimes are required to promote further development of the market.
The Ministry of Finance is rolling out new measures to boost tax collection.
Indonesia’s financial industry regulator is urging the government to review the dividend policy for state-owned lenders.
The Financial Supervisory Commission plans to relax rules as early as next quarter to facilitate securities firms' reinvestment efforts overseas.
The Bangko Sentral ng Pilipinas has asked Congress to pass a bill easing restrictions on foreign banks investing in the country.