India's market regulator on Wednesday agreed to give more power to shareholders and asked large corporations to make clearer disclosures to stock exchanges on market-moving events.
Australia's biggest lenders said on Tuesday the domestic financial sector was unlikely to be caught in turmoil engulfing rivals in the US and Europe, but warned that raging competition to sell home loans and attract deposits was hitting margins.
Australian law would not allow regulators to wipe out AT1 tier credit holders while shareholders received some compensation as occurred during the Swiss government-brokered takeover of Credit Suisse by UBS, the assistant treasurer said on Tuesday.
A U.S. banking regulator is investigating potential misconduct on the part of executives and others involved in the failures of Silicon Valley Bank and Signature Bank.