All posts tagged "Banks"
-
475ChinaHKMA, PBOC Collaborate on Cross Border Financial Services – Report
As part of a plan to develop the Greater Bay Area, the HKMA and PBOC are reportedly planning to work together on the introduction of cross-border mobile payments and other financial services.
February 20, 2019 -
347IndiaRBI Eyes Holding Company Model for India’s Banks
The RBI wants banks to operate as subsidiaries of financial holding companies, with other business arms also split off into separate subsidiaries.
February 11, 2019 -
559FeatureMAS Consults on Revisions to Banking Act
Among the amendments are proposals to expand the grounds for which MAS can revoke a bank licence, and expanded circumstances for auditors to report on a bank's financial soundness.
February 8, 2019 -
1.7KFintech / RegtechMAS Proposes New Requirements for Banks’ Outsourced Functions
The proposals will expand MAS' powers to impose requirements on banks' and merchant banks' outsourcing arrangements, regardless of where outsourced functions are performed.
February 8, 2019 -
260Market Infrastructure
MAS Extends Deadline to Implement E-payments User Protection Guidelines
The MAS is allowing an extra six months for compliance with its e-payments user protection guidelines, following requests from banks for more time to implement system changes.
February 1, 2019 -
155Capital RegulationCommunist Party Committees To Foster Risk Aversion at Chinese Banks
China’s regional and mid-tier banks are formally establishing Communist Party committees in support of the government’s bid to crackdown on excessive risk taking in the banking sector.
June 28, 2018 -
187AML / KYCJapan FSA Orders Banks to Report on North Korea JVs
All banks and credit unions ordered to provide the details on accounts used by 10 existing Japan-North Korea joint ventures, including details on individuals and entities, assets, employees and transaction records.
June 25, 2018 -
225ChinaShanghai to Allow Foreign Banks to Set Up Branches, Subsidiaries
China will allow foreign banks to set up branches and subsidiaries in Shanghai amid a host of measures to further open up the city’s financial sector.
May 17, 2018 -
198Australia & NZAustralia Authorises New Financial Complaints Body
The Australian Financial Complaints Authority, going into operation on 1 November this year, will focus on complaints by consumers and small businesses against financial firms.
May 4, 2018 -
175Feature
India Bars Banks from Cryptocurrency Dealings
Reports suggest banks will have three months to comply; central bank meanwhile explores feasibility of state-backed digital currency.
April 7, 2018
