The AMP entities failed to report information about over 1,000 derivatives transactions and to correctly report collateral information about over 19,000 transactions over several years.
March 18, 2020At 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, 2019APRA has determined that only ANZ, BNP Paribas, Citibank, CBA, Deutsche Bank, HSBC, JP Morgan, Macquarie, MUFG, NAB, Sumitomo Mitsui and Westpac will be required to report under ARS 722.0.
November 23, 2019The new electronic platform enables banks to obtain and reference data derived from trade permits issued by Singapore Customs to augment their trade finance compliance checks.
September 9, 2019The licences mark the first approvals allowing foreign banks to act as lead underwriter for domestically issued bonds, for both local and foreign companies.
September 4, 2019Foreign banks are currently limited to underwriting business involving offshore non-financial issuers. ‘Class A’ licences will allow them to underwrite bonds in the interbank market.
August 29, 2019The Fed and FDIC have accepted the resolution plans of 82 foreign banks, and granted an extra year extension before the next resolution plans need to be submitted.
July 31, 2019Rules drafted by the PBOC and SAFE will ease investments in China's fixed income market by creating some interoperability between the QFII/RQFII and CIBM schemes.
May 15, 2019Compliance to ESG standards and principles will permanently transform the way we conduct business, says international banking veteran Philippe Dirckx.
May 6, 2019The new capability will improve transparency, shorten resolution time and reduce manual intervention to resolve issues that arise along the payments chain.
May 3, 2019