All posts tagged "financial institutions"
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202Market InfrastructureBSP Issues Draft Operating Rules for RTGS Payment System
The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.
May 26, 2022 -
407ChinaShanghai Directs Exchanges, FIs to Resume On-site Operations
864 financial institutions are on a list of white-listed entities that are allowed to start sending employees back to the office. The list will be updated weekly.
May 20, 2022 -
474AML / KYCNZ Regulators Issue Guidance on Russia Sanctions Compliance
The guidance highlights the need for reporting entities to conduct due diligence to understand who has effective control or beneficial ownership of legal structures.
March 19, 2022 -
412ESG / SustainabilityBOJ to Launch New Climate Survey in Fiscal 2022
The survey will seek responses from market participants to assess the functioning of Japanese financial markets in relation to climate change.
March 15, 2022 -
746AML / KYCUK, UAE Launch New Toolkit Targeting Illegal Wildlife Trade
Financial institutions worldwide are urged to adopt the toolkit; share it with colleagues, peers and industry partners; and take action to stamp out IWT.
March 4, 2022 -
369ChinaCBIRC Issues New Mandate on Fair Pricing of Banking Services
The guidelines require banks to implement a unified system for the centralised management of their service prices to promote fair competition.
February 2, 2022 -
507ESG / Sustainability
BOJ to Assess Market Functioning in Relation to Climate
The BOJ will gather stakeholder views on how climate-related risks and opportunities are reflected in stock and bond prices and how to develop the ESG bond market.
December 15, 2021 -
455IndiaIndia Proposes New Cross-border Insolvency Framework
The framework will provide a mechanism for foreign creditors to obtain recognition of overseas proceedings in local courts.
December 1, 2021 -
419ChinaPBOC 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 -
276EnforcementS. 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
