Sharia insurer Allianz Life Syariah, part of insurance giant Allianz Indonesia, has warned that a new non-bank financial regulation to be issued by the Indonesia’s Financial Services Authority later this year may hurt the life insurer’s bancassurance business.
As Asia-Pacific markets move to integrate Basel III standards on intraday liquidity monitoring into local requirements, financial institutions are finding it a tool for risk management and mitigation.
Taiwan's central bank warned of rising risk from China amid a slowing economic growth in the mainland which could adversely impact the financial sector.
The Monetary Board is allowing banks to extend operating hours and services even without securing regulatory approval.
ASEAN Exchanges has launched an expanded FTSE ASEAN Index Series including a comprehensive suite of indices broadly covering the growing ASEAN equity market.
All financial service institutions supervised under the Financial Services Authority are urged to give out loans to companies that comply with environment-friendly practices.
Bank Negara of Malaysia and the Bank of Korea have launched a currency swap facility worth up to RM5 billion, or five trillion won, to facilitate trade settlements between companies in Malaysia and South Korea.
The opening of a stock exchange in Myanmar may be delayed due to difficulty in recruiting skilled people for jobs at the exchange and finding companies that could qualify to list on the market.
Malaysia's Audit Oversight Board urged audit firms to ensure quality of audit procedures.