The Global Markets Entity Identifier utility of the Depository Trust & Clearing Corporation, offered in collaboration with SWIFT, has issued over 165,000 legal entity identifiers (LEIs) to entities from over 140 jurisdictions, representing about 50% of all issued LEIs.
China’s proposed banking security rules requiring foreign technology firms to turnover source codes and submit to audits were among items discussed in a recent high-level talks between Beijing and the U.S.
Pension funds are bigger than many banks but only now are regulations catching up.
Australia’s largest banks were among financial institutions that defended their corporate tax practices in submissions to the Senate inquiry, which is currently looking into the adequacy of the country’s corporate tax laws.
Hong Kong Exchanges and Clearing Ltd plans to add more stocks to be traded under the Shanghai-Hong Kong cross border trading scheme ahead of the proposed opening of the Shenzhen-Hong Kong link within the year.
The Reserve Bank of India (RBI) has ordered banks to tighten monitoring of export finance deals, saying lenders should ensure that only legitimate export advances flow into India.
Draft proposals of new laws are the biggest in ten years and will streamline and clarify regulations in order to open up the economy.
The Hong Kong Monetary Authority has endorsed a revised code of banking practice that requires the city’s banks to uphold international banking practices in areas of disclosure and transparency, responsible business conduct and financial education.
Meeting cash and liquidity management standards in Basel III are driving the development of advanced systems.
The Monetary Authority of Singapore is urging issuers of financial products to write their prospectuses in plain English, and present information in a clear, concise and logical manner to better help investors make informed investment decisions.