The new standards come into effect on 1 March. Banks will not be allowed to make salary increases dependent on deposit targets.
Deceptive practices were deployed at the expense of clients’ best interest and to the detriment of market integrity, said SFC chief Ashley Alder.
The rules seek to strengthen the management of related party transactions and improve the quality of opinions issued by external experts.
HKMA's Eddie Yue said the combined power of the three infrastructures will pave the way for digitalising cross-border trade across APAC.
Former Deutsche Bank traders Matthew Connolly and Gavin Black were convicted in October 2018. Both have now been acquitted.
Sohn Byung-doo suggests lockup periods be imposed on executives following an IPO, and that companies be required to consider retail investors when processing spinoff IPOs.
Under the proposed law, using cryptocurrency may lead to imprisonment of 6-12 months in prison or fines up to USD 2800.
The CBIRC warns consumers against marketing scams, illegal fundraising and fraud in the loans and insurance sectors.
Chiyu Banking Corporation, Chong Hing Bank, Fubon Bank, Shanghai Commercial Bank, and China Everbright Bank can launch WMC services.
OJK warns of market fluctuations and other risks, including the existence of crypto investment Ponzi schemes.
Loading more posts...
Sorry, no more posts
No more pages to load