The Hong Kong Monetary Authority (HKMA) said on Monday it still has an open mind on whether Hong Kong needs a deposit insurance scheme, and will not rule out extending a consultation period on the issue.
The Russian federal government and the central bank have submitted amendments to banking laws to the Duma. The government proposed these same bills back in 1999, on the insistence of international financial organisations.
Turkey's central bank and treasury held two purchases of government bonds on Monday as part of a package of measures to ease a liquidity squeeze that shook markets last week.
Nepal's central bank has worked out a reform program to speed up the reformation of the 121 financial institutions in Nepal that are mired in managerial problems, according to the bank's statement issued on Friday.
Turkey's banking watchdog on Friday said there is significant foreign and domestic interest in purchasing some of 10 banks with bad debts of $7bn that it has taken into receivership.
Vietnam's central bank has agreed in principle to the merger of two commercial banks but a final decision will be announced after merging procedures are completed, a bank official said on Friday.
The Indian government needs to move cautiously before letting the private sector manage pension funds, a top central bank official said on Friday.
The Indonesian Bank Restructuring Agency (IBRA) is speeding up the sale of corporate assets once owned by the Salim Group even as the two sides prepare to face off in a test of wills that could have severe ramifications for the country's economic…
Thailand's central bank governor Chatu Mongkol Sonakul on Friday urged the next government to treat as a priority the passing into law of pending banking legislation.
Thai central bank governor Chatu Mongol Sonakul Thursday urged for more transparency and stricter supervision in the banking sector to help control the amount of non-performing loans in the system.
The Saudi Arabian Monetary Agency has introduced a new sliding scale of brokerage fees taking effect from 1 January 2001.
Russia is likely to get a frosty reception from the Paris Club of sovereign creditors after an International Monetary Fund mission left Moscow this week without reaching agreement.
The Norwegian central bank, Norges Bank, said Thursday it recommends to the Norwegian banking and insurance authority that Nordic Baltic Holding and its unit MeritaNordbanken (S.MNB) be allowed to acquire Christiania Bank og Kreditkassen (Y.CBK).
The Philippines central bank said on Thursday it would set up a six-member committee to evaluate reports on suspicious bank transactions as part of its efforts to fight money laundering.
Indonesia might close or merge more than 100 banks within three years in its battle to create a strong financial system, the Indonesian Bank Restructuring Agency said.
Spain's Banco Santander Central Hispano was the surprise high bidder for Banespa yesterday, claiming Brazil's state bank for an unexpectedly high US$3.6bn. Arminio Fraga, Brazil's central bank president, welcomed the bid.
Nicaragua is facing a crisis in its fragile financial system after the regulator moved to take over the second bank to fail in the past 100 days, and attacked the government for refusing to guarantee its customers' deposits.
Iran's Bank Melli will soon open a branch in Moscow with a capital of over $10m, Central Bank of Iran governor Mohsen Nurbakhsh said in a meeting with his Russian counterpart Viktor Gerashchenko.
Sri Lanka's central bank governor said on Friday he would work towards raising tier two capital adequacy ratios for commercial banks to 10 percent next year from eight percent now.
Bank of Thailand's supervision department will shift its focus to supervising the risk management of financial institutions early next year, said an official Friday.
The Estonian central bank said on Friday the average capital adequacy ratio in the banking sector at the end of October stood at 13.7 percent, down from 14.1 percent at the end of August.
Pakistan may try to convert gradually to a full Islamic banking system rather than make a sudden transformation by the middle of next year - the Supreme Court's deadline to end all interest driven transactions, which are considered contrary to Islam -…
Taiwan's central bank governor Perng Fai-nan dismissed Tuesday the speculation that Taiwan will suffer a financial crisis early next year.
An IMF/World Bank team visited London today on one leg of a travellingroadshow designed to sell global financial standards to the private sector.