Commerce Minister Craig Foss has announced changes to the regulation of discretionary investment management services to help smaller financial advisers obtain the service license.
Australia’s top fund managers will lead high level discussions with South Korean officials and chief executives on how they can develop closer ties in financial services.
The State Bank of Vietnam has proposed new rules that would allow local banks to collect fees on cash deposits, in a move to limit cash transactions.
South Korea's foreign exchange policy will remain unchanged under the new economic team to be led by the finance minister nominee, according to a senior government official.
Bank Negara Malaysia and the Malaysia Competition Commission have agreed to collaborate in areas of common regulatory objectives.
The Philippine Senate has approved a bill seeking to expand the participation of foreign banks in the Philippine financial sector.
The China Banking Regulatory Commission (CBRC) is considering a more flexible approach to determining the loan-to-deposit ratio so banks can have more money to lend to businesses, an official with the regulator says.
India’s Forward Markets Commission is seeking to strengthen the corporate governance framework at commodity derivative exchanges and recommends the creation of mandatory committees to oversee audit, risk management, including technology development.
The South Korean financial watchdog said the chiefs of the country's biggest banking group KB Financial Group and its flagship Kookmin Bank were both accountable for the gross negligence in handling what has turned into a scandalous computation system change.
Some of Indonesia's big banks are piloting a new scheme known as 'branchless banking' as a way to expand financial services in the country where half of its 240 million strong population does not have access to financial services.