Hong Kong is keen to further develop its Islamic finance market, a Securities and Futures Commission official said, adding that the city aims to work closely with Malaysia in enhancing its platform for Islamic finance.
China and the UK have started the direct trading of the yuan against the sterling, in a bid to reduce costs from currency conversions.
The Financial Supervisory Commission plans to ease investment restrictions on securities houses, allowing them more flexibility to expand overseas and grow into regional champions.
The Australian Securities and Investments Commission has moved the deadline back to July 2015 for superannuation funds and management investment schemes to comply with fee and cost disclosure requirements.
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.
Market regulator Securities and Exchange Board of India has asked depository participants to share information about foreign portfolio investors with banks, as part of efforts to harmonise norms focused on client information.
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.
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