CBIRC has released guidance to help financial institutions improve AML/CFT controls, on the heels of recent news that PBOC is scrapping its approval process for corporate accounts.
Singapore and EU-based firms will be able to trade derivatives on approved platforms based in either jurisdiction following proposed equivalence decisions by both regulators.
As part of a plan to develop the Greater Bay Area, the HKMA and PBOC are reportedly planning to work together on the introduction of cross-border mobile payments and other financial services.
ASIC is considering over 40 enforcement cases, a number of which involve misconduct by large financial institutions, their employees or subsidiary companies.
The Hong Kong unit of Guosen Securities failed to make enquiries into or report thousands of suspicious third party deposits.
A decision by the European Data Protection Board will enable the continued sharing of information between ESMA and securities regulators outside the EU, in compliance with GDPR.
The bill increases the maximum prison penalties ASIC can pursue to 15 years, and raises the caps on civil penalties for individuals and corporations.
KPMG's John Kensington says the proposal to raise bank capital requirements could stress the lending market. RBNZ's Adrian Orr defends the plan, but vows to remain "open-minded".
New standards will be introduced for how companies are included in the First Section, the TSE’s top tier for listed companies, as the exchange seeks to boost market appeal.
In addition to identifying emerging risks, the FSB will focus on finalising, operationalising and monitoring the implementation of post-crisis reforms.