The legally binding cyber hygiene requirements must be implemented by all MAS regulated financial institutions by 6 August 2020.
Westpac self-reported the incorrectly charged fees in December 2017, and has already completed a significant part of the work to reach and refund impacted customers.
The so-called ‘NSE IFSC-SGX Connect’ is set to become operational by end-2020, ending a dispute between the two exchanges.
Regulation Asia sat down with DTCC's Oliver Williams to discuss how trade reporting has changed, and what firms in Asia should be doing to stay compliant.
The RBNZ is consulting on a draft bill that sets out New Zealand's new regulatory regime for financial market infrastructures.
ASIC's 'Regtech Monitoring Financial Promotions' symposium was the first in what will be a series of sessions aimed at working with the industry to solve compliance challenges with technology.
The fines, involving 15 banks in total, were related to delays in reporting fraud and non-compliance with various other RBI norms.
The new rule requires investment managers to demonstrate ‘economic substance’ in Cayman to continue operating by setting up offices, moving teams over or outsourcing activities to local firms.
The rules currently require acquiring banks to merge all their local operations into a single entity, but this has proved unpopular among foreign lenders seeking to expand Indonesia operations.
SEBI proposes a higher net worth requirement, a higher minimum investment, and standardised performance reporting for portfolio managers, among other changes.
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