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Conduct, Culture & Accountability
CBIRC Warns Banks of Stronger Penalties for Shareholder Violations
By Editors | 01/05/2021
Banks and insurers are asked to conduct self-assessments and improve their accountability standards and procedures to guard against illegal behaviour.
Payments & Settlements
Savings Banks Introduce Open Banking Services: FSC Korea
By Ranamita Chakraborty | 01/05/2021
Open banking is now being provided by all types of deposit-taking institutions in Korea. Credit card companies will start from end-May.
CBDCs
MAS to Explore Options for Connecting m-CBDC Platforms
By Sanday Chongo Kabange | 30/04/2021
MAS is partnering with the BIS Innovation Hub and central banks to design, develop and test new m-CBDC models for cross-border settlement.
Payments & Settlements
Singapore, Thailand Launch Real-time Payment Link
By Manesh Samtani | 29/04/2021
The participating banks include DBS, OCBC, UOB, Bangkok Bank, Kasikornbank, Krung Thai Bank and Siam Commercial Bank.
Trading & Investment
SFC Set to Deploy Data Analytics in Broker Inspections
By Manesh Samtani | 29/04/2021
High volume brokers were asked in 2019 to adopt new data standards to enable more timely data submissions to regulators when requested.
Conduct, Culture & Accountability
Malaysia SC Publishes Updated Corporate Governance Code
By Editors | 29/04/2021
The update focuses on selection and nomination processes for directors, including to address issues with board diversity and sustainability.
Supervision & Enforcement
China Government Probes Ant Group IPO Approval Process
By Editors | 29/04/2021
Ant Group founder Jack Ma and his relationships with state firms and local officials are also being examined as part of the government’s investigation.
Conduct, Culture & Accountability
RBI Issues New Rules for Senior Bank Executives, Board Members
By Editors | 29/04/2021
Banks will have until 1 October 2021 to comply with new rules capping the tenure of top executives at 15 years.
Payments & Settlements
DBS, JP Morgan, Temasek Team Up on Cross-border Payments
By Manesh Samtani | 28/04/2021
An open platform will be developed to enable real-time cross-border multi-currency payments, trade finance, foreign exchange and DVP securities settlements.
Trading & Investment
MAS Forms Industry Group to Develop Asset Management Sector
By Editors | 28/04/2021
The Singapore Funds Industry Group will bring together key players to formulate strategies to develop the asset management ecosystem.
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