All posts tagged "accounting standards"
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278FeatureMAS Revises Code on Collective Investment Schemes
The changes extend the requirements imposed on approved trustees and managers to VCCs, VCC directors and VCC custodians, while also introducing a best interest duty.
March 17, 2020 -
530Australia & NZAPRA Updates Prudential Standard on Credit Risk Management
The revised prudential standard on credit risk management will come into effect from 1 January 2021, six months later than was proposed in a March consultation.
December 13, 2019 -
643AML / KYC
MAS Consults on Proposed Framework for Variable Capital Companies
The proposals include an AML/CFT framework for VCCs requiring them to engage an eligible financial institution to perform the necessary checks.
May 2, 2019 -
537Big PictureGlobal Financial Market Integration Requires More Policy Work
Additional policy work is needed to level the playing field for internationally active entities, according to Financial Stability Institute chairman Fernando Restoy.
April 17, 2019 -
1.1KCapital RegulationRBI Again Defers Banks’ Implementation of New Accounting Standards
The RBI has again deferred 'until further notice' the implementation of new accounting rules for banks, which could have forced banks to raise bad loan provisions by $16bn in H2, said Fitch.
March 25, 2019 -
513Asia-PacificPhilippines Enhances Fair Value Pricing of Financial Instruments
The new guidelines tweak rules on marking to market to align with international standards, promote transparency and confidence in the markets, and encourage active market trading.
November 16, 2018 -
1.9KFeatureMAS Finalises New Corporate Structure for Funds
The VCC – formerly S-VACC – will position Singapore to become a key fund domicile for fund managers and create opportunities for fund services providers.
September 11, 2018
