All FCA regulated firms, including asset managers and hedge funds, now have to comply with the SM&CR, including for senior managers and key risk-takers hired at overseas branches.
The BCBS proposes to allocate direct crypto-asset holdings to the banking book, and indirect exposures to the trading book, while prohibiting the use of internal models to calculate market risk.
HSBC Switzerland has admitted to conspiring with US taxpayers to evade taxes and helping them to hide more than $1bn in assets from tax authorities.
Regulation Asia spoke to Andreas Burner at SmartStream Technologies to understand the different approaches to adopting AI/ML tools, and how centralising data is key to generating analytics and predictions.
Basel Committee Launches Consolidated Basel FrameworkDecember 16, 2019
APRA Delays Implementation of Product Responsibility under BEARDecember 16, 2019
SWIFT Opens KYC Registry to Corporate GroupsDecember 16, 2019
IOSCO Unveils Framework for Monitoring Leverage-related Risks in FundsDecember 16, 2019
RBNZ Orders ANZ New Zealand to Improve Director Attestation ProcessesDecember 16, 2019
ASIC Increases Scrutiny on Audit Practices as Quality DropsDecember 16, 2019
MAS Revokes Fund Manager’s CMS Licence for Regulatory BreachesDecember 16, 2019
TMA Publishes Consultation Conclusions on HONIA EnhancementsDecember 16, 2019
FSC Korea Finalises Measures to Protect Investors From Risky ProductsDecember 16, 2019
HKEX Finalises Enhancements to Pre-Opening Session, Volatility ControlsDecember 16, 2019