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Aug 16, 2024
HKMA introduces AI sandbox to boost fintech innovation
The Hong Kong Monetary Authority (HKMA) and Hong Kong Cyberport Management Company launched the Generative Artificial Intelligence...
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Aug 15, 2024
Singapore banks to explore quantum security
The Monetary Authority of Singapore (MAS), along with DBS, HSBC, OCBC, UOB, SPTel, and SpeQtral, has signed a Memorandum of Understanding...
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Aug 15, 2024
CIMB, Maybank fined for e-banking disruptions in Malaysia
Malaysia's central bank, Bank Negara Malaysia (BNM), announced on Wednesday that it has imposed penalties on CIMB Bank Berhad, CIMB...
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Aug 14, 2024
Thailand’s insurance regulator tightens actuarial standards
Thailand’s Office of the Insurance Commission (OIC) plans to establish a screening committee to suspend or revoke actuarial licences to...
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Aug 14, 2024
Key US-China economic officials to meet in Shanghai
Senior US and Chinese economic officials will meet in Shanghai on Aug. 15-16 for the first time since China outlined its long-term...
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Aug 13, 2024
Thailand forms committee for financial hub
The Finance Ministry is forming a 34-member committee, chaired by Deputy Finance Minister Paopoom Rojanasakul, to develop policies and...
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Aug 13, 2024
Foreign investors withdraw billions from China in Q2
Foreign investors withdrew a record amount from China last quarter, reflecting deep pessimism about the world's second-largest economy....
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Aug 12, 2024
Singapore’s MAS chooses EY for family office compliance
The Monetary Authority of Singapore (MAS) has appointed Ernst & Young Advisory Pte. Ltd. (EY) as one of six screening service providers...
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Aug 12, 2024
Philippines central bank to approve new digital banks from January 2025
The Monetary Board has approved lifting the moratorium on new digital banking licences starting January 1, 2025, allowing up to ten...
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Aug 9, 2024
Chinese regulators limit duration of new bond funds
Chinese regulators are restricting the duration of new bond funds to curb investment in long-dated treasuries amid efforts to cool a bond...
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Aug 8, 2024
Hong Kong does not need new virtual banks – HKMA
The Hong Kong Monetary Authority (HKMA) sees no need for new players in the city’s virtual banking sector and has launched a one-month...
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Aug 7, 2024
Taiwan’s financial regulator cautions banks on China operations
Taiwan’s financial regulator has warned bank employees in China to be cautious of their remarks following Beijing’s expansion of laws...
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Aug 7, 2024
HKMA initiates banking system overhaul
The HKMA will allow deposit-taking companies (DTCs) to roll over their deposits upon conversion to restricted licensed banks. DTCs, the...
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Aug 6, 2024
Chinese regulators push state firms to drop PwC as auditor
Chinese regulators have asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor due to its work for...
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Aug 2, 2024
Singapore regulator bans asset management firm’s ex-CEO for two years
The Monetary Authority of Singapore (MAS) has issued a two-year prohibition order against Sun Quan, the executive director and former CEO...
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Aug 1, 2024
Global accounting body pushes for better climate reporting
A global accounting body proposed guidance for companies to better show the impact of climate change on their financial performance,...
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Jul 31, 2024
Liquidators appointed for Tahoe Life following regulatory probe
Several liquidators from Deloitte have been appointed for Tahoe Life, a Chinese-controlled insurer, following regulatory investigations...
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Jul 30, 2024
Investors welcome South Korea’s inheritance tax reduction
South Korea’s plan to lower its inheritance tax for the first time since 1995 could stimulate the economy and stocks, say investors. The...
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Jul 29, 2024
China expands and simplifies foreign investment regulations
China’s central bank and the State Administration of Foreign Exchange have updated the rules for the Qualified Foreign Institutional...
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Jul 26, 2024
Indonesia proposes Singapore-style arbitration to attract investors
Indonesia’s Coordinating Maritime Affairs and Investment Minister, Luhut Pandjaitan, has proposed adopting arbitration rules similar to...