The following are our selection of key industry news around the world from our Monday Morning Meeting: German lawmakers are split over bankrolling the potential merger between Deutsche Bank and Commerzbank. The tightened regulations implemented by The People's Bank of China as well as the lending surge implemented to stimulate China's slowing economy has created the need to raise approximately $260 billion over the next three years. Commercial Banks are asking The Bank of Japan to revise its loose monetary policy as banks are unable to earn from their lending services. Ayman Hussein, deputy governor of the Central Bank of Egypt (CBE) plans to launch a $57.8 million (EGP1 billion) fund that will back fintech startups. The secretary general of the Union of Arab Banks, Wissam Fattouh, has called on financial institutions in the region to increase their investment in regtech. Reserve Bank of India Governor Shaktikanta Das, will meet with fintech companies to discuss how to improve digital loan offerings in the country. The Australian Prudential Regulation Authority (APRA) is proposing to toughen banking regulations after several Australian lenders were accused of misconduct. Lazada and Mastercard has announced a partnership that aims to improve e-commerce and digital payments in Southeast Asia.
