Global asset managers have opposed SEBI’s plan to create a centralised database of beneficial owners of foreign portfolio investors.
Bank of Ayudhya has become the first bank in Thailand to introduce facial recognition in account opening, which it says will enhance security and prevent fraud and identity theft.
Delays attributed to poor record-keeping and systems, failures to implement methodologies to identify and compensate customers, and an overly legalistic approach at some institutions.
The case goes back to the 2009 listing of a Chinese timber company, which was later suspended for accounting irregularities. Details of the settlement will be released at a later date.
The development represents a key risk management tool for international investors who need to manage their A-share equity exposure, says HKEX chief Charles Li.
At an FSB workshop on compensation practices, banks reported an increased focus on conduct risk, management accountability and culture reform.
The BSP has given subsidiary banks and quasi-banks an extra year to meet the 100% LCR and NSFR requirements.
The number of banks fined by the RBI for failing to integrate their core banking systems with SWIFT has now risen to 36, with fines totaling $10.16mn.
According to a notice from Malaysia's Securities Commission, 21 of the country's 43 digital asset exchanges will be forced to close after they failed to register by the 1 March deadline.
Foreign banks say added requirements are unnecessary, as their US branches are limited in their activities, rarely hold federally insured deposits, and are subject to home country rules.