All posts tagged "featured"
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1.4KJapanJapan’s New Foreign Investment Rules Take Effect
While a series of exemptions for foreign financial institutions have been granted, the new requirements only allow 30 days for full implementation on 7 June.
May 10, 2020 -
524ChinaChina Scraps QFII, RQFII Quotas; Simplifies Outbound Remittance Rules
QFII and RQFII investors will merely need to go through a registration process to invest in China. Requirements on outbound remittances and currency exchange have also been simplified.
May 8, 2020 -
2.0KAML / KYCUS Prosecutors Target Foreign Bank Records in North Korean Cyber Hunt
US authorities may be signalling their intent to increasingly use the PATRIOT Act to gain access to foreign bank records in DPRK sanctions investigations, says Nick Turner at Steptoe & Johnson.
May 5, 2020 -
764SingaporeMAS Unveils Additional Financial Industry Support for Individuals
This second package of measures is aimed at helping individuals ease their cashflow burden, reduce debt, and ensure access to basic banking services.
May 1, 2020 -
543AML / KYCUS Agencies Issue Alert on North Korea Cyber Threat
The advisory highlights the powers US agencies have to subpoena foreign FIs that maintain a correspondent bank account in the US to gain access to customer records stored overseas.
April 22, 2020 -
798InternationalG20 Agrees to Suspend Debt Payments for Low Income Nations
The G20 is also calling on private creditors, working through the Institute of International Finance, to participate in the initiative "on comparable terms".
April 16, 2020 -
618Capital Regulation
MAS Relaxes Capital Rules, Defers Policy Implementation
MAS has adjusted banks’ capital and liquidity requirements to help sustain their lending activities, while also deferring a host of regulatory initiatives until further notice.
April 8, 2020 -
432Capital RegulationBCBS Issues Guidance on Treatment of Loans Under Relief
IFRS 9 should be applied flexibly rather than mechanistically when estimating ECL, and payment moratorium periods can be excluded from the counting of days past due.
April 6, 2020 -
1.8KCapital RegulationCovid-19 Puts Financial Regulation Under Stress
Business continuity plans, social distancing measures, economic stimulus and liquidity constraints are hindering banks’ abilities to stay consistent with regulators' expectations, says Peter Guy.
March 30, 2020 -
1.3KAustralia & NZSingapore, Australia Agree to Promote Data Connectivity, Digital Economy
Singapore and Australia have committed to allowing financial institutions to choose where their data is stored and prohibiting data localisation, among a raft of other agreements.
March 23, 2020
