China will eliminate the requirement for ministry-level approval on foreign direct investment (FDI), as well as expand Value Added Tax reform; and the Philippines SEC hikes transaction fees.
Singapore and China agree to direct currency trading; Taiwan's central bank has made renminbi available on the country's real time gross settlement system
CT reveals how banks in Asia are performing in the areas of tax and regulatory advisory, foreign exchange, interest rates, securities services, and technology.
The booming Philippines is ripe for tax reform and the country's Bureau of Internal Revenue (BIR) has targeted transfer pricing, with particular goals for advanced pricing agreements.
China eyes internet finance as new saviour; Japan stresses importance of unilateral OTC standards; DBS-Danamon merger highlights regulatory barriers in Indonesia.
Scandal-hit Libor sold for $1.50 to NYSE Euronext; China announces 10 key financial policy measures: India bans banks from prop trading on currency derivatives.
Hong Kong is playing second fiddle to Singapore because of the overpowering influence of its business tycoons, an ACGA-CLSA study on corporate governance shows, citing Sun Hung Kai as an example.