Trust companies have three years to adapt to the new rules, but plans for how they will do so need to be submitted to the CBIRC within 30 days.
March 28, 2023The FCA wants to improve liquidity risk management and stress testing practices. It is also considering whether authorised funds should be able to hold crypto.
February 23, 2023The new rules propose to classify banks into three categories based on their business scale and risk levels and treat them differently based on their classification.
February 20, 2023Warburg Pincus is planning to acquire a 23.3 percent stake in Zhong Ou Asset Management Co from Italy's Intesa Sanpaolo.
February 16, 2023Banks must classify "all financial assets that bear credit risk" according to the degree of risk, including bond investments, interbank assets, receivables, and off-balance-sheet assets.
February 13, 2023Morgan Stanley Investment Management becomes the 7th foreign firm approved to fully own a domestic mutual fund business.
February 7, 2023MyData, Korea’s version of open banking, will be extended to small businesses, allowing credit providers to access to more data to make lending decisions.
February 6, 2023JPMorgan won approval to take full ownership of its fund management venture. StanChart won approval to set up a new securities brokerage.
January 20, 2023The rules are aimed at improving the ability of private equity investments to serve the real economy and support innovative businesses.
January 20, 2023The changes will draw fresh capital into the fund industry, encourage more competition, and allow easier exits for existing sponsors.
January 18, 2023