All posts tagged "FCA"
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615AML / KYCUK FCA Fines Commerzbank $47m for 5 Years of AML Failures
Commerzbank's London Branch failed to conduct periodic due diligence on clients, address transaction monitoring weaknesses, and to have adequate CDD policies and procedures in place.
June 19, 2020 -
1.3KAML / KYCData, Technology Provide Remedy for Covid-related Financial Crime
In a recent Bureau van Dijk webinar, industry experts examined how data, technology and AI can help mitigate the risk of criminals benefitting from the Covid-19 cash pump.
June 1, 2020 -
1.6KContributed ArticleHow Singapore’s New Rate Will Change the S$3.5tr Derivatives Market
With the first interest rate swap transaction referencing the new Singapore Overnight Rate Average, the island state hopes to stay ahead of regional peers.
June 1, 2020 -
792FeatureSFC to Get Another Three Year Term from CEO Ashley Alder
Alder was expected to step down in September, but has decided to stay on to ensure regulatory clarity through the current period of "exceptional stress".
May 18, 2020 -
816Capital RegulationUK Regulators Defer Majority of Regulatory Initiatives
Incoming Basel requirements and margin rules will be deferred. The transition away from LIBOR will continue as planned. Work is still underway to prepare for Brexit.
May 11, 2020 -
1.9KBig PictureRegulatory Initiatives to Address Culture & Conduct Risk in Banking
In its latest annual Compendium, Starling draws on survey findings and commentary from regulators to identify ten culture and conduct trends in the banking sector.
May 11, 2020 -
671Europe
FCA Extends Deadline for Lenders to Stop Issuing New LIBOR Loans
The deadline extension for lenders is a response to Covid-19, as the FCA seeks to avoid disrupting the flow of loans to help companies stay afloat during the pandemic.
April 30, 2020 -
831Australia & NZBanks Sufficiently Capitalised to Pay Dividend, says RBA Governor
Australian banks are well-capitalised and have the ability to pay dividends, says RBA governor Philip Lowe. ANZ, Westpac and NAB are reportedly engaging with APRA on the issue.
April 23, 2020 -
762Australia & NZASIC, APRA Offer Best Practice Recommendations on LIBOR Transition
ASIC, APRA and the RBA warn that a failure to transition to alternative reference rates could lead to significant reputational, operational and legal risk and disrupt financial markets.
April 8, 2020 -
798Big PictureShort-selling Bans Fail to Achieve Positive Effects: WFE
In Asia, South Korea, Malaysia and Indonesia have imposed short-selling bans, while Thailand, Taiwan and India have tightened their rules to make the practice more difficult.
March 31, 2020
