The Financial Services Authority (OJK) said it will strengthen its intermediation function and work toward the stability of the financial services sector in support of export-based industries and other "productive sectors."
The expansion plans of Malaysia-based CIMB Group and Philippines-based BPI (Bank of the Philippine Islands, rated BBB-), and their transition to Basel III, is driving them to raise capital, says Fitch Ratings.
Regulation Asia spoke with James Stewart, the General Manager for Asia-Pacific Compliance at Wolters Kluwer Financial, to find out how banks can make changes more effectively in order to meet the new requirements.
Changes made by US regulators to the Volcker rule in December could constrain liquidity in Asia’s immature capital markets and put Wall Street firms at a disadvantage to local competitors.
Bank Negara Malaysia consults the financial industry on a new reference rate framework to replace the base lending rate quoted by financial institutions in the pricing of retail loans.
Japan and Mongolia exchange letters with aim of sharing expertise and experience.
Bank Indonesia (BI) transfers banking regulatory and supervisory functions to Financial Service Authority (OJK).
The Commodity Futures Trading Commission (CFTC) has approved substituted compliance for six jurisdictions including Australia, Hong Kong and Japan.
Recently, deals were struck between Iran and the West to curb Iran’s nuclear program. What does this mean for a financial institution’s AML economic sanctions program?