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India’s central bank grants licences for the new category of ‘payments bank’ to enable non-financial corporations to target individuals without bank accounts.
The passing of the “crowdfunding act” opens up alternative financing for businesses from Korea and elsewhere in the region.
Hong Kong’s Securities and Futures Commission’s dispute with EY, as well as new accounting rules from China, highlight the need for clarity over audit papers.
Regulatory roundup: Mandatory rupiah use is in effect, with grace measures; Singapore plots M&A rule changes; India offers up new interbank benchmark