The EBA, ESMA and EIOPA warn of increasingly sophisticated cyber-attacks, deteriorating credit quality, and possible exuberance in markets.
The FATF action plan requires the Philippines to enhance and streamline law enforcement agencies’ access to accurate and up to date beneficial ownership information.
Increased scrutiny from US, EU and UK regulators have forced asset managers to review current practices for classifying funds as ESG-focused.
The banks were deceived regarding true beneficial ownership in their decision to open bank accounts between 2014 to 2017.
Hong Kong is exploring opportunities to establish a unified carbon market in the Greater Bay Area, leveraging the Guangdong ETS and Shenzhen ETS.
The CSRC will organise on-site inspections to ensure securities and fund practitioners adhere to professional ethics obligations and improve governance.
Bank Indonesia has also recently expanded its local currency settlement frameworks with Japan, Malaysia and Thailand.
State-owned lender Huaxia Bank has restricted some of its FX services amid regulatory concerns over yuan volatility.
Licensees should have in place clear, well-understood and documented processes for identifying, recording, assessing, escalating and reporting breaches.
The new chiefs of the FSC and FSS held their first official meeting since taking office. They pledged to unite on issues such as household debt and Covid-19.