All posts tagged "featured"
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115Market InfrastructureMAS Announces New Initiatives to Support SORA Adoption
The initiatives aim to catalyse greater activity in SORA markets, safeguard the benchmark’s integrity and enhance market confidence in SORA.
August 6, 2020 -
222FeatureMAS Awards StanChart Special Privileges for ‘Significant Rootedness’
The regulator also has plans to allow certain banks that are significantly rooted in Singapore to obtain full bank licences and set up digital-only subsidiaries.
August 4, 2020 -
656Market InfrastructureSingapore Industry Consultation Proposes to Discontinue SIBOR
Proposed reforms were found to display “noticeable differences in volatility and levels compared to SIBOR”, which will present challenges to industry adoption.
July 30, 2020 -
1.6KAML / KYC
MAS Seeks Expanded Powers to Address Financial Sector Risks
MAS proposes to expand its powers to issue prohibition orders, regulate virtual asset service providers, and impose technology risk management requirements on firms.
July 22, 2020 -
724ChinaHong Kong Regulators Offer Assurances on National Security Law
Financial Secretary Paul Chan has asked Hong Kong financial regulators to explain to their stakeholders that the national security law will not harm their operations.
July 20, 2020 -
361Market InfrastructureMAS Planning Ahead to Avoid ‘Cliff Effect’ of Relief Withdrawal
“Bank loans and insurance policy premiums will eventually have to be paid,” MAS' Ravi Menon said, pointing to a need to avoid the ‘cliff effects’ of sudden relief withdrawal.
July 17, 2020 -
472AML / KYCTrump Executive Order Opens China to Sanctions Over Hong Kong
Trump has signed an executive order threatening sanctions against Chinese officials and the banks they deal with over the national security law imposed in Hong Kong.
July 15, 2020 -
1.5KHong KongHKMA Sets Out Key LIBOR Transition Milestones for Banks
Fall-back provisions should be in place by January 2021, and authorised institutions should cease to issue new LIBOR-linked products maturing after 2021 by 30 June 2021.
July 13, 2020 -
804InternationalFSB, BCBS Suggest Supervisory Action for Slow LIBOR Work
The available supervisory tools to accelerate transition at banks could include ad-hoc regulatory capital add-ons, administrative sanctions or other legal actions.
July 10, 2020 -
374AML / KYCUK Imposes First Sanctions Over Human Rights Abuses
The UK has designated 25 Russians, 20 Saudi Arabians, two Myanmar generals, and two North Korean organisations. Their UK assets will be frozen.
July 8, 2020
