All posts tagged "financial institutions"
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304ChinaPBOC Intensifies Crackdown on Cryptocurrency Activity
Services for virtual currency transactions are deemed illegal, including those provided to Chinese residents by overseas crypto exchanges.
September 25, 2021 -
216EnforcementS. Korean Financial Firms Push Back Against Executive Accountability
Six industry bodies have filed a joint request asking regulators to grant their boards more autonomy over their internal affairs rather than punishing their executives.
September 16, 2021 -
201Australia & NZAustralia Can Do More to Facilitate Sustainable Recovery: OECD
The OECD recommends the creation of a roadmap for improving reporting of climate-related risks by listed companies and financial institutions.
September 16, 2021 -
149Asia-PacificBSP Introduces Stricter Penalty Framework for FIs
Monetary penalties have increased from PHP 30,000 to a maximum PHP 1 million for each violation. Fines up to three times profit gained or loss avoided can also be imposed.
September 14, 2021 -
221TaiwanTaiwan FSC Issues Guidelines on Bank Inspections
The FSC says a key objective of the guidelines is to introduce innovative technology including big data analysis into the inspection process.
August 3, 2021 -
141Fintech / RegtechMAS, SFA Launch 2021 SFF Global FinTech Awards
The theme for the 2021 awards is “Emerging from a pandemic, the road to recovery”. The awards will be hosted entirely on API Exchange.
July 23, 2021 -
373AML / KYCFATF Issues Guidance on Mitigating Proliferation Financing Risk
The guidance highlights the need for effective onboarding processes, ongoing monitoring, staff training, risk management, sanctions screening, and a strong compliance culture.
June 30, 2021 -
227InternationalFSB Launches Review of Corporate Debt Workouts
Feedback is invited from financial institutions, corporates, insolvency practitioners and other stakeholders in relation to out of court debt workouts.
June 29, 2021 -
292FeatureMAS Launches Global Challenge for Retail CBDC Solutions
Fintechs, financial institutions and solution providers from around the world are invited to submit innovative solutions that can address 12 problem statements.
June 29, 2021 -
213ChinaChina Issues Draft Law Aimed at Improving Audit Practices
The law prohibits the entities being audited from refusing to provide information, delaying such provision, and submitting false information.
June 17, 2021
