Data privacy, conduct & culture, cybersecurity and AML will be in focus in APAC for the next three years, according to a new report from Fenergo.
Financial services firms lack engagement from boards and risk and compliance functions, according to a new survey from Thomson Reuters Regulatory Intelligence.
The analysis supports the view that the G-SIB framework is incentivising G-SIBs to become less systemically important. Non-GIBs are showing an increase in relative importance.
Leveraged finance markets have exceeded pre-crisis highs, attracting attention from regulators, with non-banks increasingly providing a large share of the financing.
Policymakers should reduce the gap between national regulations and global standards, and adopt a risk-based framework for the recognition of comparable regulatory regimes.
It aims to show where sanctions screening can be an effective part of a wider sanctions compliance programme, where it has limitations, and where a risk based approach is appropriate.
The IMF has assessed that robust financial regulation and supervision should help Hong Kong weather domestic and external shocks despite growing risks to the city's outlook.
Clearinghouses should consider multiple risk factors in determining exposure and put more of its own capital on the line to manage defaults before dipping into the member default fund.
New report from GFMA and New Financial offers policy recommendations to support the growth of deeper and more effective capital markets.
The Philippine banking system “remained robust and continued to exhibit strong capital position and sustained growth in core earnings”, says BSP deputy governor Chuchi Fonacier.