Financial Crime

KYC & CDD

Compliance Costs to Dominate APAC Wealth Management Budgets – EY

By Samuel Riding | 19/05/2016

Consultant’s first APAC data shows compliance much more of a concern than in other regions.

Trading & Investment

India Considering Additional HFT Surveillance Requirement

By Samuel Riding | 19/05/2016

Regulator also looking into speed bumps, order randomisation, trade bunching and limiting colocation access.

KYC & CDD

FATCA Still a Taxing Issue for Asian FIs

By Editors | 18/05/2016

Compliance still an issue for Asian financial institutions despite the milestones reached.

PEPs & Sanctions

US Removes Myanmar Banks from Blacklist

By Samuel Riding | 18/05/2016

OFAC also adds two lenders to general license, says ‘most transactions’ involving all Burmese FIs now authorised.

Conduct, Culture & Accountability

HSBC Accepts ASIC Undertaking on Structured Product Sales

By Samuel Riding | 18/05/2016

Bank required to remediate clients who may have received ‘deficient advice’.

Capital Adequacy

ICBC Extends AxiomSL Deployment to CRS, FATCA

By Samuel Riding | 17/05/2016

Platform initially deployed in 2013 to Basel and local regulatory requirements.

Conduct, Culture & Accountability

SEBI to Strengthen Penalties for Disclosure Rule Violations

By Samuel Riding | 17/05/2016

Property and bank accounts of promoters who repeatedly flout rules could be seized.

Credit Risk

PBOC Investigating NPL Statistics

By Samuel Riding | 17/05/2016

Central bank concerned about accuracy of information, categorisation of non-performing loans.

Capital Adequacy

FSA Issues Financial Markets Consultation

By Samuel Riding | 16/05/2016

Consultation on Japanese markets, exchanges and fintech follows meeting of Financial System Council.