PBOC allows offshore clearing banks to access mainland liquidity, cuts RMB reserve ratio of clearing banks to zero percent, among other measures.
Consultation to be issued "soon" on raising cyber resilience at financial institutions in Singapore; rules to include internal controls, independent reviews, authentication practices.
The regulator fined Citigroup for due diligence and staff supervision failures relating to IPO work in 2009; no constraints placed on its business activities.
US regulator FINRA has fined ICBC Financial Services for failing to have an AML program in place; ICBC FS also settled a case with the US SEC, paying $860,000 for failing to report suspicious transactions in its penny stock trading...
S. Korean Banks’ AML Programmes Under US Regulatory ScrutinyMay 23, 2018
GDPR – Frankenstein’s Monster of RegulationMay 22, 2018
US Fed Vice Chairman Suggests Lower Capital Requirements for Foreign BanksMay 21, 2018
China Boosts Offshore RMB Liquidity as MSCI Inclusion LoomsMay 21, 2018
Hong Kong Bank Exposure Rules GazettedMay 21, 2018
SFC Expands Professional Investor RulesMay 21, 2018
NSE Receives CFTC Approval to Sell Futures to US CustomersMay 21, 2018
London Exchange Releases Shanghai Trading Link BlueprintMay 21, 2018
RBI Mandates 100pc NSFR for BanksMay 21, 2018
MAS Raises Bank Deposit Insurance Protection 50pcMay 21, 2018