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.
The Monetary Authority of Singapore will launch a facility providing overnight Renminbi (RMB) liquidity to financial institutions in Singapore from July 1.
The Hong Kong Monetary Authority has conducted a drill with banks on business continuity plans (BCP) to test the reliability and stability of the communications between the back-up offices of the regulator and the lenders.
The Philippine Senate has approved a bill seeking to expand the participation of foreign banks in the Philippine financial sector.
The China Banking Regulatory Commission (CBRC) is considering a more flexible approach to determining the loan-to-deposit ratio so banks can have more money to lend to businesses, an official with the regulator says.
India’s Forward Markets Commission is seeking to strengthen the corporate governance framework at commodity derivative exchanges and recommends the creation of mandatory committees to oversee audit, risk management, including technology development.
The South Korean financial watchdog said the chiefs of the country's biggest banking group KB Financial Group and its flagship Kookmin Bank were both accountable for the gross negligence in handling what has turned into a scandalous computation system change.
The Board of the International Organization of Securities Commissions met in Madrid this week to drive forward IOSCO’s work on market-based finance which covers discussion on infrastructure investment and small- and medium-enterprise financing.