Posts By Darien Choong, Regulation Asia
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368CBIRC Identifies Corporate Governance Deficiencies at Banks, Insurers
Darien Choong, Regulation Asia November 16, 2021The CBIRC identified issues with shareholder behaviour, related party transactions, risk management systems, and internal audit, among other areas.
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211Taiwan Raises Risk Management Expectations for Futures Funds
Darien Choong, Regulation Asia November 16, 2021Futures trusts will need to have dedicated risk management departments and be prohibited from conducting discretionary futures trades for clients.
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203Taiwan Tightens Listed Company Rules on Related Party Transactions
Darien Choong, Regulation Asia November 13, 2021Listed companies will need to seek approval from their shareholders for related party transactions worth more than 10% of company assets.
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206SAFE Issues Guidance on Penalties for Forex Rule Violations
Darien Choong, Regulation Asia November 11, 2021Directors and senior managers of financial institutions that deliberately violate the regulations can be fined between CNY 50,000 and CNY 500,000.
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Taiwan FSC Directs Fund Managers to Review Arms-related Exposure
Darien Choong, Regulation Asia November 11, 2021Fund managers are asked to review their offshore funds, including funds sold in China, and disclose exposures to weapons-related industries.
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324Project Greenprint: MAS Unveils Plans to Boost Green Finance
Darien Choong, Regulation Asia November 10, 2021To support the green finance ecosystem, MAS and the industry will together develop four interoperable platforms under Project Greenprint.
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144China: Regulators Order City Commercial Banks to Cap WMPs – Report
Darien Choong, Regulation Asia November 9, 2021New rules are coming into effect at the end of the year which require banks to have separate units for their wealth management business.
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368CCDI Draws Lessons on Corruption from Ex-ICBC Bankers
Darien Choong, Regulation Asia November 8, 2021The two ex-bankers have relaxed risk controls and used customised rules to facilitate loan approvals for certain borrowers in exchange for bribes.
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248Singapore Banks to Automate GIRO Application Process
Darien Choong, Regulation Asia November 8, 2021The current GIRO application process takes three to four weeks to complete. The eGIRO service will reduce turnaround time to a few minutes for consumers.
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236CCDI Official Offers Glimpse of PBOC-linked Corruption Cases
Darien Choong, Regulation Asia November 7, 2021Financial corruption and financial risks are intertwined, said senior inspector Xu Jiaai, speaking about corruption cases involving PBOC officials.
