An events company was issuing and sending invoices to NAB and the former executive was receiving bribes to ensure they were paid.
Operational continuity in resolution is a key aspect of resolution planning for individual banks, the HKMA says.
The Sri Lankan central bank has lowered the risk weights applicable to credit risk for foreign claims on the central government and residential housing loans.
Specialists from Bloomberg highlight the need for high-quality data and automation through technology to manage day-to-day reporting and ensure compliance.
The review will seek to understand the events leading up to the breach, assess the appropriateness of the RBNZ's response, and identify factors that contributed to the breach.
The rules seek to strengthen the professional competence of index fund managers, enhance the quality of underlying indexes used, and improve risk control.
RUSI and ACAMS have launched a new survey seeking to better understand the potential for digital ID to aid in the fight against financial crime.
The accumulation of excessive debt may pose a risk to the economic recovery, the FSC said, pledging to introduce measures to rein in household and corporate debt.
Regulators from the US to the UK and Malaysia have issued statements expressing concerns over the heightened volatility seen in the US market over the past week.
Trade loans granted 90-day extensions last year will start to fall due in February, but some trade customers are still facing cash flow pressure, the HKMA said.
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