Asia
oz regulator to consult industry on exam
The Australian Securities & Investments Commission (ASIC) is to consult the financial advice industry on its plans to introduce a new, national exam for advisers, as part of the countrys ongoing effort to boost advice standards.
prudential gets go ahead to enter cambodia
Prudential, the UK-based, international insurance giant, has been given the go-ahead in principle from Cambodias Ministry of Economy and Finance to establish a wholly foreign-owned life insurance operation in the country.
mas sets up rep office in beijing
The Monetary Authority of Singapore (MAS) and the Peoples Bank of China (PBC) have signed an agreement on the establishment of a representative office by MAS in Beijing.
HSBC sells stakes in two Indian banks
HSBC Holdings, the London-based banking giant, has sold stakes in two Indian banks for around $425m.
pwc predicts bigger role for hong kong
Hong Kong is set to play an even greater role as a gateway for financial trade between emerging economies and China, according to a report issued today by PwC.