Financial institutions will be allowed to decline MAS requests for previously-submitted data; new regulatory returns to be submitted in machine-readable formats.
MAS and CAD will consolidation investigative resources and expertise for all capital market and financial advisory offences, effective 17 March.
Choe Heung-sik denies allegations he helped a friend’s son get a job while he was president of Hana Financial Group; resigns anyway.
Choi Jong-koo also lobbies to allow Korean firms to expand their business remits in the Southeast Asian country.
Hi Chi Minh Stock Exchange to launch covered warrants in late March; issuers required to hold adequate underlying securities and submit daily reports to the exchange.
The central bank has cancelled troubled finance company CIFL’s licence and doubled the maximum deposit insurance payout for each depositor.
Banking association says new regime needs a way to flag special circumstances in credit histories to prevent discrimination against customers.
Wolfsberg Group Questionnaire has potential to reduce costs associated with KYC application and streamline the establishment and maintenance of correspondent banking relationships.
Central bank investigators found that State Bank of India had not complied with rules on detection and impounding of counterfeit notes.
Extension of MoU includes cooperation on cross-border transactions, product development, information technology and knowledge sharing.