Taiwan's top financial regulator said it will relax rules governing the business scope of Taiwanese securities firms' offshore securities units (OSU), in a move that could boost its stock market and wealth management sector.
While large banks in Asia have long since developed sophisticated solutions for measuring and hedging CVA, many of the buyside and regional banks are not compliant with IFRS 13 standards.
A growing appetite for derivative products in APAC is having an effect on market structure.
The government has been closely monitoring the movement of the local stock market, which has taken a beating amid sustained foreign institutional selling.
Philippine banks may be required to increase their minimum capital by as much as four times, a move that may trigger a consolidation in the local banking sector.
Myanmar has delayed the announcement of foreign banks that will be allowed to operate in the country.
The increasingly high number of businesses that were dissolved in the first seven months of the year has weighed on operations of local banks, raising lenders’ bad debt ratio in the period.
In a sign of an increasing regulatory pressure for financial institutions in Asia Pacific, regulatory onboarding, entity data and client lifecycle management solutions provider Fenergo is expanding in the region.
Globally, regulators are evolving their Know Your Customer (KYC) and Anti-Money Laundering (AML) policies for doing business in their jurisdictions to increasingly stringent standards.
The Financial Services Authority (OJK) is seeking to consolidate Indonesia's banking sector, urging state-owned lenders to acquire stakes in regional banks or BPDs.
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