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.
China's central bank has called for more financing channels for the country's import and export businesses in a bid to stabilize foreign trade.
The securities regulator has tightened rules for initial public offerings again, to the dismay of investment bankers who want the market to decide how shares are priced.
Hong Kong regulators are imposing strict financial rules four years ahead of their expected implementation under global standards on worries some banks may be vulnerable if Chinese economy weakens significantly.
Global regulators are issuing more than enough regulation to stop a recurrence of a global financial crisis, said Reserve Bank of Australia governor Glenn Stevens, as he cautioned that new potentially damaging threats to global stability could be overlooked.
China has cut the amount of cash reserves some lenders must hold at the central bank to boost lending to small businesses, in a move to stimulate its slowing economy.
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.
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