All posts tagged "featured"
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901Market InfrastructureMAS Mandates Baseline Requirements on Cyber Hygiene
The legally binding cyber hygiene requirements must be implemented by all MAS regulated financial institutions by 6 August 2020.
August 7, 2019 -
433JapanJPX, TOCOM Finalise Merger Agreement to Create Integrated Bourse
TOCOM precious metals, agricultural and rubber products will be transferred to Osaka Exchange, a JPX subsidiary, creating an all-in-one bourse by July 2020.
July 31, 2019 -
517Capital RegulationPBOC Issues Draft Rules for Financial Holding Companies
Financial holding companies controlled by non-financial enterprises that meet certain conditions will be supervised by the PBOC, with licences issued by the State Council.
July 29, 2019 -
1.0KInternationalBCBS, IOSCO Agree One-year Phased Extension of Initial Margin Rules
Initial margin requirements for firms with uncleared derivatives exceeding $8bn have been extended to September 2021; firms exceeding a $50bn threshold will have to comply in September 2020.
July 23, 2019 -
975JapanJapan FSA, CFTC Agree to Mutually Recognise Derivatives Platforms
Certain FSA-regulated derivatives trading platforms will be exempt from the requirement to register with the CFTC, and the FSA will facilitate authorisation for CFTC-regulated platforms.
July 15, 2019 -
1.2KAML / KYCFATF Issues Guidance on Terrorist Financing Risk Assessments
The guidance provides good approaches, relevant information sources and practical examples for practitioners to consider when assessing terrorist financing risk at the jurisdiction level.
July 8, 2019 -
1.5KFintech / RegtechMAS to Issue Up to Five Digital Bank Licences
The initiative effectively extends digital bank licences to non-bank players, as existing banking groups in Singapore already have a framework for setting up digital bank subsidiaries.
July 1, 2019 -
633Capital Regulation
FSB Chair Issues Letter to G20 Ahead of Osaka Summit
The letter reports on the FSB's work to monitor financial stability risks, reform implementation progress, and market fragmentation issues.
June 27, 2019 -
1.0KFeatureHSBC Scraps Fees Ahead of Virtual Bank Launches
HSBC will remove below-balance, counter transaction and annual fees for most personal savings accounts as it braces for incoming competition from newly approved virtual banks.
June 20, 2019 -
1.6KChinaChina Issues Draft Rules on Cross-border Data Flows
It is difficult to see how prior regulatory approval of every transfer of personal data from China is workable, says Hogan Lovells partner Mark Parsons.
June 14, 2019
