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Rules drafted by the PBOC and SAFE will ease investments in China's fixed income market by creating some interoperability between the QFII/RQFII and CIBM schemes.

Financial institutions should be able to leverage existing financial crime compliance, conduct and tax (including tax transparency regimes) procedures and controls, to address the risks of customer tax evasion.

HKMA and BOT have agreed to collaborate on fintech innovation, including through a joint research project on the development of a central bank digital currency.

A Hua Nan Commercial Bank adviser allegedly withdrew money from client accounts and made loans in their names, before diverting the funds to a company operated by her relatives.

The warnings relate to failures by the firms to comply with requirements to have their risk assessments and AML/CFT programmes audited every two years.

Colombo's stock exchange has signed an MoU to list domestic government bonds in London and enable LSEG to support the development of Sri Lanka's capital markets.

The proposals address issues in applying security-based swaps rules in a cross-border context, and leave supervision of foreign trading practices and market structures to home supervisors.

The DSE's 'Financial Data Exchange Platform' will allow regulators, market infrastructures and financial institutions to safely and efficiently exchange messages and files.

Despite the rise in overall NPLs at China's commercial banks, a boost in new lending and bad asset disposal resulted in lower NPL ratios.

In addition to easing information barriers within financial services firms, the FSC will also allow them to outsource their core businesses to third parties with as fintech startups.