China's Internet holding company Tencent has launched China's first private, internet-based bank as a result of a government regulation last year that effectively opened the state-controlled banking industry to private investors.
US authorities would increase their investigations of international tax evasion by US taxpayers in Hong Kong and the rest of Asia following the implementation of the Foreign Account Tax Compliance Act from July last year, lawyers say.
Financial Services Commission chairman Shin Je-yoon said he will remove hurdles to the fast-growing financial technology in a bid to boost South Korea's long-sluggish financial industry.
The Monetary Authority of Singapore said it will propose legislations that will make it easier for companies to offer bonds to retail investors in a bid to boost the bond market.
Regulations of Christmas Past, Present and Yet to Come pay us a visit.
The Financial Markets Authority cited governance and culture, and issues around conflicts of interest among areas it will apply much of its regulatory effort in the medium-term.
China and Thailand agreed to establish yuan clearinghouses to boost commercial ties between the two nations.
The Hong Kong Monetary Authority said it found no evidence of rigging in the city’s foreign exchange benchmark following an investigation into the operations of ten banks.
US government tries to criminalise a high frequency trading tactic. Will computers be convicted?
The Securities and Futures Commission (SFC) has reaffirmed the statutory civil and criminal liability of initial public offering sponsors for defective prospectuses among the regulator’s main accomplishments in the quarter to September.