This is the second time Malaysia has introduced a comprehensive loan moratorium after its debut in March last year.
Financial firms offering services using AI technologies will be required to have controls in place that ensure fairness to prevent consumer discrimination.
When supervisory stress tests are less accurate, capital surcharges and disclosure of outcomes can amplify risk-taking by banks, says a BIS working paper.
Fund Managers Otago incorrectly calculated and disclosed returns in fund updates and entered into prohibited related party transactions, among other breaches.
The experiment showed the potential to reduce the number of correspondent banking parties involved in the payment chain for cross-border transactions.
The applicant groups include Grab, Singtel, Axiata Digital, RHB Bank, iFAST Corp, Bangkok Bank, BigPay, Sea Group, AEON Credit Service, Pertama Digital, and others.
Strengthening financial institutions’ resilience has never been more important, say Gabriele Vigo and Olivia White at McKinsey.
Asset managers are required to set one sustainability goal and explain how their investments help achieve that goal.
Chinese authorities will step up supervision of companies that list overseas to improve regulation of cross-border data flows and security.
The RBNZ plans to consult on broad concepts of money and cash stewardship, the potential for a CBDC, and issues arising from crypto assets and stablecoins.
Loading more posts...
Sorry, no more posts
No more pages to load