Posts By Editors, Regulation Asia
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486Capital RegulationFederal Reserve Consults on New Rules for Foreign Banks in the US
The proposals could relax capital and stress testing requirements for US branches of foreign banks, but impose stricter liquidity rules on those that engage in riskier activities.
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384Capital RegulationBCBS Reorganises Standards in Consolidated “Basel Framework”
The consolidated Basel Framework has been published initially in draft form, together with a consultative document on technical amendments to the standards.
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349ChinaUniCredit China Employee Embezzled $15mn of Client Money
The employee allegedly used a group supervisor's password to access the funds, which were used to buy apartment units in the US, Greece and Japan.
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270ChinaChina Expands Retail Access to Government Bonds
With the government bond market now open to retail investors, China is relaxing a restriction that only allowed bond-buying during the first 10 days of the month.
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347Fintech / RegtechDigital Asset, ISDA Collaborate to Drive Adoption of ISDA CDM
Digital Asset will help create a new reference code library that will simplify and standardise the process of generating lifecycle events defined in the ISDA Common Domain Model.
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579AML / KYCStandard Chartered Fined Over $1bn by US, UK Authorities
Standard Chartered Bank will pay $947mn to US authorities for poor AML controls and sanctions breaches, and $134mn to the UK FCA for AML breaches.
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268Australia & NZNew Zealand Financial Services Bill Puts Client Interests First
New Zealand has passed new legislation enabling a new framework for regulating financial advice. The new regime will come into effect in the first half of 2020.
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275EnforcementS. Korea Fines Another Goldman Affiliate for Naked Short Selling
Goldman Sachs India Investment, along with three other offenders, has been fined for naked shorting by South Korean authorities
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321Asia-PacificPayments Connectivity Sees Continued Progress in ASEAN
Bank of Thailand outlined a number of key initiatives with other ASEAN nations to increase regional connectivity in cross-border payments.
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439InternationalDTCC Partners with Droit to Automate Pre-Reporting Decision-Making
DTCC's pre-reporting solution can now determine – in real-time – the global cross-regulatory reporting implications and obligations for a particular transaction.
