Wake-up call for watchdog after inquiry
The Economics Committee conducting the inquiry into the performance of the Australian Securities and Investments Commission (ASIC) will address the role, structure and responsiveness of the regulator as well as its relationship with participants in the industry. Its report is expected to be tabled in the Senate by mid-May or June. On top of the specific recommendations that the report is likely to address, the inquiry has prompted a broader debate on the regulator’s role…
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The People’s Bank of China released the Administrative Measures for the Foreign Exchange Purchase and Sale Business Provided by Banks on 22 June 2014.
A series of laws and regulations have been promulgated to introduce the capital subscription system and remove the paid-in capital registration system.