All posts tagged "Banking"
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477FeatureSupreme Court Overturns RBI Circular Barring Banks from Crypto Dealings
The ruling is hailed as a big win for the crypto sector. But, the government has yet to act on an interministerial committee's recommendations to ban all private cryptocurrencies.
March 5, 2020 -
443Australia & NZRBNZ Estimates Cyber-attacks Cost Financial Sector NZ$144m Annually
More extreme events have a low probability but are still plausible, illustrating the importance of managing cyber resilience effectively, the RBNZ says.
February 26, 2020 -
714Fintech / RegtechHKMA Invites Tenders to Facilitate Regtech Adoption in Banking
The HKMA is inviting tenders for the provision of professional services to help it facilitate the adoption of regtech by the banking industry.
February 17, 2020 -
539Big PictureBetter Supervision Associated with Lower Operational Risk: BIS Paper
Banks take an average 251 days to discover the occurrence of operational loss events, and 184 days to move from discovery and recognition, according to a new BIS paper.
February 14, 2020 -
365Capital RegulationCBIRC Asks Banks to Relax Loan Classification Standards
Local banks are asked to be more tolerant of bad loans and to reduce their profit targets, as the novel coronavirus epidemic keeps borrowers from resuming normal business operations.
February 13, 2020 -
818Big Picture
BIS Paper Identifies Sources of Regulatory Fragmentation in Banking
The paper points to varying asset valuation practices, which impact measurements of banks' regulatory capital, along with Pillar 1 and Pillar 2 implementation differences.
February 10, 2020 -
298China
CBIRC Enhances Complaints Handling Mechanisms in Banking, Insurance
Banks and insurers are required to complete complaints handling processes within 15 days in cases where the facts are clear and the matter in dispute are simple.
January 22, 2020 -
289ChinaCBIRC Whistleblower Handling Mechanism to Take Effect from March
The measures oblige banking and insurance supervisors to investigate violations of banking and insurance laws and regulations reported by whistleblowers, and to protect their privacy.
January 20, 2020 -
668China
CBIRC Issues Guidance on Banking, Insurance Sector Development
The guidance sets 5-year targets for banks and insurers to improve in areas such as governance, risk management, financial product development and fintech innovation.
January 9, 2020 -
1.1KAML / KYC
CBIRC Tightens Scrutiny of AML/CTF Programmes at Banks, Insurers
Banks and insurers are required to submit annual reports on their AML/CTF programmes within 20 working days after the end of each year. For 2019, the reports should be submitted by 15 February 2020.
January 6, 2020
