State Bank of Pakistan guidelines to promote a “compliance culture” in banks and encourage the adoption of a risk-focused approach to compliance.
Central bank governor made comments during the opening ceremony of the Asian Financial Cooperation Association.
IMF views the central bank less fully compliant with the Basel Core Principles and recommended a more prescriptive rule-making approach to regulation.
Recent introduction of MYR futures in offshore exchanges a contravention to its foreign exchange management policy and rules.
Regulator has asked for number of withdrawals and amounts to regulate the use of UnionPay cards in Hong Kong.
Update allows for determining the status of a foreign counterparty and use its status under the margin requirements of the relevant foreign jurisdiction.
PBOC is considering ways to include large internet finance firms in its Macro Prudential Assessment.
Conduct and regulatory risks continue to mount as China’s crackdown on corruption puts pressure on private banks and wealth managers.
Committee will help the regulator evolve the regulatory framework in response to the development of new technology pertinent to the securities markets.
Bank claims that the missing TTRs were due to a coding error following a software update in the IDMs since November 2012 until September 2015.