Taiwan’s stock exchange is seeking to create a cross-border stock trading platform with Singapore by this year to boost overseas access to the island’s listed shares, Chairman Lee Sush-der said in an interview.
New rules aimed at making the world safer from blowups in the $693 trillion derivatives market are poised to drive up costs so much for retirement funds and other users that bankers say they do just the opposite.
In a victory for banks, global financial regulators revised rules governing how much money must be set aside to cover losses by swaps traders, backing away from guidelines that firms warned would destabilize the $693 trillion derivatives market.
Indian stock trading on BSE Ltd.’s exchange was delayed by a software glitch for the second time this week, undermining efforts by Asia’s oldest equity bourse to win back share from the National Stock Exchange of India Ltd.
A U.S. grand jury is investigating possible money laundering and other violations by Clearstream Banking SA and Iran’s central bank for the benefit of Iran, a federal prosecutor said in court papers filed in a New York suit involving victims of terrorist attacks.