Countries

At the second meeting of the Banking Sector SME Lending Coordination Mechanism, established in October, banks agreed to a number of additional measures to aid SME borrowers.

Citadel Securities has agreed to pay almost $100mn to settle charges that its algorithmic trading disrupted the market during the 2015 market correction.

Without coordinated action, a new global financial crisis triggered by climate change would render central banks and financial supervisors powerless.

Senior management, including the board, responsible officers and MICs will be held accountable for the overall risk management control of their firms.

The absence of an effective response by Hong Kong's government to address the concerns of the population indicate weaker institutional and governance strength.

Industry veteran Jamie Lloyd Evans discusses the introduction of digital identities in Singapore, and what it could mean for banking.

The Digital Dollar Project is a multi-stakeholder initiative to explore options for creating a US dollar CBDC, which would coexist with other Federal Reserve liabilities.

Foreign banks that have had a representative office in Myanmar for at least three years can apply for a branch licence or a subsidiary licence.

The rules include higher net worth requirements, caps on advice fees, and client level segregation of investment advice from product distribution.

Large urban cooperative banks have to report exposures over 50mn rupees to a central repository within one month from the end of each quarter.