Asia’s diverse information governance rules and sometimes insular institutions exacerbate MiFID 2 data challenge.
Treasury confirms removal of $40mn capital requirement for firms to use ‘bank’ label; Sydney, Melbourne fintech hubs win state government support.
NSFR requires locally-based D-SIBS to have customer deposits, long-term wholesale funding and equity sufficient to cover extended period of market stress.
Top official says updated ID cards with greater security could be used as basis of the centralised KYC; boost Hong Kong's status in fintech.
APRA says ‘unquestionably strong’ means a CET1 capital adequacy ratio of 10.5% ; some lenders expected to require 150bp increase.
Peer review finds MAS meets all but one of 24 principles designed to shore up systemically important market infrastructure including central counterparties.
Despite earlier talk of blanket ban, panel set up in April close to agreeing model which would give bitcoin similar status to a commodity.
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