BNM will take supervisory and enforcement actions against banks that fail to protect their customers from fraud risk.
June 13, 2022The FSS is set to conduct 779 regular or occasional inspections on financial firms throughout this year.
April 7, 2022Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.
March 16, 2022The draft rules cover governance arrangements, operational requirements, risk management and internal controls, and IT requirements.
January 3, 2022Banks are expected to achieve full compliance with the new provisions within six months. The Code is endorsed by the HKMA.
December 13, 2021Citi is asked to submit a detailed plan for how it will protect consumer rights as it exits its retail banking business in Korea.
November 1, 2021The RBI cited non-compliance with its directions on customer protection, cybersecurity, outsourcing, and reporting.
October 19, 2021Six industry bodies have filed a joint request asking regulators to grant their boards more autonomy over their internal affairs rather than punishing their executives.
September 16, 2021The FSA plans to establish a new framework for the certification of ESG-related products. It is also exploring mandatory climate risk disclosures.
August 10, 2021MAS has clarified that notices have been issued to several applicants and that "in-principle approval" is not an official term.
August 2, 2021