Exacerbated by a seven-week stock market shut down, foreign investors sold large quantities of Sri Lankan bank stocks following a ban on bank dividends this month.
The raft of government measures designed to stave off corporate raiders is unlikely to abate soon, compliance practitioners say.
The COVID-19 pandemic is an additional catalyst for financial institutions to generate fundamental structural change as they seek to implement Basel reforms, says AxiomSL’s Mahim Mehra.
Social distancing has put KYC into sharp focus, with regulators reiterating their support for digital onboarding to ensure financial transactions are possible.
Business continuity plans, social distancing measures, economic stimulus and liquidity constraints are hindering banks’ abilities to stay consistent with regulators' expectations, says Peter Guy.
Financial institutions need to ensure that UBO information on customers is complete and accurate, but this is only half the battle, says Refinitiv’s Phillip Malcolm.
Digital identity systems could form a significant component of the compliance infrastructures at the new digital banks in the years to come, says Refinitiv’s Phillip Malcolm.
Regulation Asia sat down with SGX RegCo Chief Boon Gin Tan to discuss how the exchange is adapting its regulatory approach to preserve trust and integrity in the capital markets.
Regulation Asia sat down with DTCC's Oliver Williams to discuss the challenges, risk factors, and opportunities in the OTC derivatives reporting space for 2020.
Increasingly aggressive US sanctions policies highlight the need for financial institutions to adopt and implement a sophisticated risk-based approach to compliance.
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