Financial Crime

Market Risk

S. Korea Probes Four Foreign Banks on Derivatives

By Editors | 15/10/2015

The Financial Supervisory Service is looking into the derivatives transactions of four foreign banks which have jumped abnormally amid a gradual decline among other banks since since last year.

KYC & CDD

Hong Kong Refines Information Exchange Proposal

By Editors | 14/10/2015

Hong Kong’s Government will refine the legislative proposals for implementing the new international standard on Automatic Exchange of Financial Account Information in Tax Matters.

Data Privacy

Technology and Banking: Evolution or Revolution?

By Editors | 14/10/2015

In a changing technology landscape, data analytics, block chain and mobile payments are having the greatest impact on financial services.

Market Abuse

China Cracks Down on Illegal Reduction of Holdings

By Editors | 13/10/2015

The China Securities Regulatory Commission has held a two-day hearing for 11 cases involving shareholders illegally reducing their stockholdings.

Anti-Money Laundering

Three Wave Regulation: Sibos Day 1 Plenary

By Editors | 13/10/2015

Yawar Shah’s opening remarks focus attention on financial crime compliance and market infrastructure growth.

Trade Based Money Laundering

China Systems and Accuity Partner on Trade Finance and Supply Chain Solution

By Editors | 13/10/2015

80% of firms cite compliance and regulatory issues a “chief” obstacle to trade finance.

Payments & Settlements

Breaking Away From a US Dollar Dominated World

By Peter Guy | 13/10/2015

CIPS translates into geopolitical, transnational banking power by obviating American oversight.

Trading & Investment

China Drafts New Rules to Govern Automated Trading

By Editors | 12/10/2015

China has issued draft regulations governing automated trading on three exchanges which include the adoption of a net daily purchase quota for some securities.

KYC & CDD

Institutional Banks Struggle with Cross-Border Compliance and Entity Data Management

By Editors | 08/10/2015

New research by Fenergo and Aite Group has found that institutional banks are struggling to manage regulatory compliance and entity data management obligations across multiple jurisdictions.