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BEIJING: China will launch standardised and unified requirements for large and medium-sized banking and insurance institutions to make resolution plans.
ZURICH: The emergency plans of UBS and Credit Suisse to deal with a financial crisis are effective, Switzerland’s regulator FINMA said.
KUALA LUMPUR: Perbadanan Insurans Deposit Malaysia (PIDM) expects the Malaysian Financial Reporting Standards 9 (MFRS 9), which was implemented on Jan 1, 2018, to result in comprehensive provisioning methods.
MUMBAI/SINGAPORE: Recent regulatory actions in India suggest the authorities are making a more concerted push to tackle banks' bad loan problems, says Fitch Ratings.
KUALA LUMPUR: Bank Negara Malaysia wants the boards of financial institutions to limit the tenure for independent directors to not more than nine years as it seeks to raise the bar for corporate governance.
WASHINGTON: Federal Reserve Chair Janet Yellen said U.S. labor markets are far from healthy and signaled the Fed will keep monetary policy loose until hiring and wage data show the effects of the financial crisis are "completely gone."
CHARLOTTE: US regulators directed five of the countrys biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasising that the banks could not count on government help.
BEIJING (Reuters) - China's foreign minister lavished praise on Libya's rebel National Transitional Council on Wednesday, calling it an