Asia
Thailand tightens supervision of intermediaries
Thailand is to toughen up its supervision of financial intermediaries in a bid to prevent the exploitation of clients.
Danish and Dutch pensions top Mercer index
Only the Danish and Dutch pension systems achieved “A” grades, indicating first class and robust schemes that deliver good, sustainable benefits with a high level of integrity, according to global consulting firm Mercer.
Mauritius signs MoU with Dubai regulator
The Dubai Financial Services Authority (DFSA) and the Financial Services Commission of Mauritius (FSC Mauritius) earlier this month entered into a memorandum of understanding (MoU) on capacity building, as well as other collaborations.
Hong Kong plans to extend resolution powers to unregulated firms
Unregulated financial firms in Hong Kong will now be included in the city’s budding resolution regime, which will give the regulators greater powers to minimise the impact failed institutions have on the local economy.
Credit Suisse: China’s new middle class overtakes US
China has overtaken the US as the nation with the largest number of middle class adults in the world, according to a Credit Suisse report.