NZX is required to develop a detailed, time-bound action plan to address the technology issues identified in a review conducted by the FMA.
The banker photocopied a client’s signature onto an instruction form and used it to apply for the issuance of a bank reference letter.
The amendments will update rules on correspondent banking and customer due diligence to reflect legislative changes passed in December.
Executives who have relocated to Singapore or Tokyo have reportedly received phone calls from Hong Kong government agencies and regulators seeking explanations for the decisions.
Customer reserve funds must be deposited either at the PBOC or with an eligible commercial bank, and transferred only through a clearing institution.
Three former banking regulators were expelled from the CCP and referred for criminal prosecution for accepting bribes and contributing to Baoshang Bank’s failure, among other violations.
New ASIFMA paper looks at the various investment access channels for foreign institutional investors investing in China’s capital markets.
As markets for tokenised assets develop and grow in size, so too will the need to safeguard investors, consumers and financial stability.
The 22-year-old was used to receive funds stolen from Australian bank accounts by a cybercrime syndicate before he transferred it overseas with Bitcoin.
The exchanges agreed to broaden the lineup of products available under the scheme and to collaborate in other areas including sustainable finance.