The new rating system will increase emphasis on corporate governance and data governance, and be used as the basis for early detection and intervention to address risk.
Zhao Jingwen was sentenced to 18 years in prison and fined CNY 3.2 million for embezzlement and receiving CNY 5.5 million in bribes.
Underwriters and distributors are directed to ensure their systems, processes and controls facilitate good customer outcomes.
The order requires Mizuho to submit a report to the FSA by 29 October on its IT systems and detailed improvement plans.
IBA has now launched RFR indexes for SOFR, SONIA, €STR and TONA, providing daily values that represent accrued compound interest.
The draft rules seek to impose a cap on the total balance of offshore loans while also loosening restrictions on the types of lending banks can engage in.
The data-sharing arrangement is part of the rectification measures ordered by financial regulators to break Ant Group's “information monopoly” over data collection.
There is no standard approach to identifying the types of data that need to be protected, nor the manner in which that data should be protected.
The prudential framework envisaged by the BCBS consultation would create "material impediments" to regulated bank participation in cryptoasset markets.
Eight initiatives have been identified to support Bursa Malaysia's ambitions to become carbon neutral and achieve net zero emissions.