All posts tagged "enforcement"
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740FeatureFSB: Decentralisation Could Benefit Financial Stability
While decentralised financial technologies do pose risks, they may increase competition and diversity in the financial system and reduce existing entities’ systemic importance.
June 8, 2019 -
291KoreaFSC Korea Proposes More Flexible Business Conduct Rules
'Chinese walls' at financial firms will be set up around 'information units' rather than 'business units'. Firms can entrust a broader range of business to third parties and IT firms.
June 2, 2019 -
517Korea
Korea to Ease Data Barriers Within Financial Services Firms
In addition to easing information barriers within financial services firms, the FSC will also allow them to outsource their core businesses to third parties with as fintech startups.
May 13, 2019 -
623Australia & NZNew Zealand Proposes Ways to Improve Banking Conduct, Culture
The proposed measures will put the consumer at the heart of decision-making and make good outcomes the bottom line, says Commerce and Consumer Affairs Minister Kris Faafoi.
May 1, 2019 -
689ChinaChina to Amend Securities Law This Year
China plans to amend its securities law within this year, with an aim to strengthening investor protection and enforcement against violators.
April 22, 2019 -
457Australia & NZAPRA Adopts New, Tougher Enforcement Approach
Under the new enforcement approach, APRA will be more willing to use its full range of powers to deter bad practices and hold entities and individuals to account.
April 17, 2019 -
2.2KAML / KYCMAS Renews Call for Use of Data Analytics in AML/CFT Programmes
MAS has renewed calls for financial institutions to further develop their data analytics capabilities in the interest of improving the effectiveness of their AML/CFT programmes.
April 9, 2019 -
429Australia & NZAustralia Budget Delivers Additional Funding for APRA, ASIC
APRA and ASIC will get more than A$550mn in funding to enhance their effectiveness in addressing financial sector misconduct.
April 4, 2019 -
408Australia & NZASIC, APRA, Courts to Get More Funding to Pursue Misconduct
In the 2019-2020 budget, Australia's government will provide more than A$585mn in new funding to regulators and the court system to help stamp out financial sector misconduct.
March 25, 2019 -
778EnforcementUK FCA Fines UBS for MiFID Transaction Reporting Failures
Over 9.5 years, UBS AG made 135.8 million errors in its transaction reporting, over a third of which involved erroneously reported transactions which were not in fact reportable.
March 22, 2019
