IHS Markit has won Best Solution in Trade Reporting and an Outstanding Project award for Risk Calculation.
Acies has won an Outstanding Project award for its work on a leading bank’s Data Management Framework.
Wealth Dynamix has been recognised as ‘One to Watch’ for its Client Lifecycle Management solution.
Swartz, Binnersley & Associates has been recognised as ‘One to Watch’ in the Fintech Law space.
Emotics has been recognised as ‘One to Watch’ in the Regtech category for Compliance Analytics.
LeapXpert has been recognised as ‘One to Watch’ for its innovative Communications Surveillance Technology.
CBIRC comments came after worries about the health of small banks resurfaced following two bank runs on regional lenders in less than two weeks.
Enforcement of AML/CTF rules increased in 2018, evidenced by a 41% increase in fines levied. Firms in non-financial sectors have also been brought under the PBOC’s AML/CTF supervision ambit.
The move comes as the country’s securities regulator has extended its timeline to make all retail applications for public equity issues to be paid exclusively using digital payment application, UPI.
The BCBS says different supervisory functions should exchange information and cooperate both domestically and across borders, regardless of the institutional setting.