Foreign companies will be able to set up individual entities, but must keep systems and data onshore.
Central bank plans adoption of blockchain for interbank settlements, bond issuance; leading banks launch joint initiative on blockchain based letters of credit.
White paper calls for industry collaboration to develop common response and recovery standards and contingencies to mitigate impending attack.
The bank’s Singapore branch and trust unit failed to adequately assess and mitigate risks that clients were trying to avoid CRS reporting obligations.
Indian Bank Consortium Falls Victim to $127mn Loan FraudMarch 23, 2018
SFC Fines UBS Securities for Missing Client Consent RecordsMarch 23, 2018
India Releases Risk Management Norms for Clearing Commodity DerivativesMarch 22, 2018
Malaysia Set to License its First Robo-advisoryMarch 22, 2018
China Opens Door to Foreign Payment FirmsMarch 22, 2018
Thailand Banks on BlockchainMarch 22, 2018
S.Korea Moves to Support Fintech Through Sandbox ApproachMarch 22, 2018
HK Risks Becoming Auditing Outcast – ReportMarch 22, 2018
S.Korea Proposes Asset Manager Remuneration DisclosuresMarch 22, 2018
HK, India Sign Tax PactMarch 22, 2018