Hong Kong's SFC and Thailand's SEC say the MRF scheme has taken effect. Both have issued new guidance on obtaining authorisation under the scheme.
The former financial planning manager told a client he was required to buy an insurance policy before he could open a corporate bank account.
The FSDC recommends the development of legislation to provide legal certainty and protection, clarity on cross-border data transfers, and a framework for accountability.
Banks have an additional six months to implement the revised frameworks on credit risk, operational risk, output floor and leverage ratio. The market risk and CVA risk frameworks are also deferred.
GEO's breaches were attributable to Lun Sheung Nim's failure to discharge his duties as a responsible officer and member of the senior management.
The IMF recommends enhancing monitoring of lending to Mainland China, increasing oversight over banking groups, and regulating mortgage lending by non-banks.
The “Fintech 2025” strategy seeks the comprehensive adoption of technology in the financial sector by 2025 through a focus on five key areas.
A new MOU establishes a collaborative framework which will ultimately provide better investor protection through high quality financial reporting.
The SFC is on the lookout for funds with outsized and concentrated bets to prevent an Archegos-type event in Hong Kong.
The SFAT concluded that the former UBS banker cannot be held personally responsible for the failings of the China Metal Recycling transaction team.
Loading more posts...
Sorry, no more posts
No more pages to load