All posts tagged "subsidiaries"
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377Asia-PacificSri Lanka to Enact New Banking Act in 2021
The new Banking Act will streamline the licensing process, branch approvals, and adopt a proportionality framework for banking regulations, among other changes.
January 10, 2020 -
243MalaysiaBNM Issues Revised Equity Exposure Rules for FIs
Financial institutions need BNM's prior written approval to acquire or hold 20% or more of the voting shares or voting power in a corporation. Compliance is required by 31 December 2021.
January 6, 2020 -
462Capital RegulationCBIRC Issues Revised Regulations for Foreign Banks in China
The revised regulations implement the removal of foreign ownership limits and asset thresholds for setting up local units, among other relaxations.
December 30, 2019 -
445Australia & NZAPRA Proposes Banks Hold More Capital Against Large Subsidiaries
APRA proposes to increase the amount of capital banks need to hold to support investments in large subsidiaries, such as their New Zealand units.
October 18, 2019 -
888Asia-PacificMyanmar Allows Foreign Banks to Set Up Local Subsidiaries
Foreign banks will be able to enter the retail banking space and operate as local banks by setting up subsidiaries, rather than just branches.
May 25, 2019
