Shanghai / Reuters China’s banking regulator said on Tuesday that lenders should tighten risk controls in their overseas branches, after some of the country’s top banks have come under foreign scrutiny for alleged compliance failings. Banks should clarify the responsibilities of staff in overseas branches, strengthen judgment of risk and make sure adequate checks are made on clients, the China ...

Reuters Bank Muscat has received all regulatory approvals to open a representative office in Iran, Oman’s largest lender said in a bourse filing on Tuesday. “The bank is in the process of registering the representative office and expects it to open later in 2016,” Bank Muscat said. On February 25, the bank said it planned to open an office in ...

Tokyo / Reuters Bank of Japan Governor Haruhiko Kuroda stressed on Tuesday his readiness to expand monetary policy still further, saying that market moves would be key factors the central bank would examine in deciding when and how it might next expand stimulus. Kuroda maintained his optimism that Japan’s economy was recovering moderately, despite last week’s ‘tankan’ survey that showed ...