All posts tagged "Banks"
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338KoreaKorea FSS Pledges to Improve Environment for Foreign FIs
At a meeting with bank and asset manager heads, the FSS promised to lower regulatory and operational barriers for foreign firms looking to enter Korea’s financial markets.
December 3, 2019 -
271Asia-PacificSET Launches Interbank Payment System for Securities Transactions
The new system will provide greater convenience for investors, alleviate intermediaries' cash management burden, and mitigate payment risks in the banking system.
November 13, 2019 -
651Capital RegulationSingapore Banking Amendment Bill Introduced in Parliament
The bill will remove the DBU-ACU divide, expand the grounds for which MAS can revoke bank licences, and empower MAS to regulate outsourcing arrangements.
November 5, 2019 -
451ChinaChina Further Eases Restrictions on Foreign Investment
China will not force foreign investors and companies to transfer their technology to their local partners, according to Vice Minister of Commerce Wang Shouwen.
October 31, 2019 -
507AML / KYCFATF Begins Assessment of Japan’s AML Regime
For the first time, cryptocurrency exchanges will also subject to the review, the first assessment of Japan’s AML system in 11 years.
October 30, 2019 -
317Big PictureEffective Governance, Regulation Can Mitigate Cyber Risk: Moody’s
Regulators can help to mitigate the cyber threat by promoting contingency planning in banking and enabling information sharing among banks and regulators.
October 25, 2019 -
425JapanUPDATED – Japan Cabinet Approves Tougher Foreign Investment Rules
Japan's proposal to lower the notification threshold for foreign investors has passed the cabinet and could become law by early April, with exemptions for foreign FIs.
October 21, 2019 -
527EnforcementFSC Korea to Boost Supervisory Capacity to Prevent Mis-selling
The FSC will reportedly increase the number of banking, financial investment and asset management experts it has on staff for inspections of banks, security firms and insurers.
October 21, 2019 -
299Asia-PacificBSP Reduces Reserve Requirement for Bank Bonds
The move to lower is aimed at deepening the debt market and reducing the intermediation cost that bond issuers could pass on to bond holders.
October 18, 2019 -
593Fintech / Regtech
Korea to Pilot Open Banking Platform From 30 Oct
Banks and fintechs will pilot test the ability of customers to manage multiple bank accounts and withdraw and transfer money from within a single app.
October 16, 2019
