All posts tagged "financial institutions"
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35ChinaChina Allows Nonbank Creditors to Initiate Creditor Committees
To date, only bank creditors have been allowed to initiate the establishment of creditor committees, while nonbank financial institutions were often excluded.
January 21, 2021 -
115JapanJapan FSA Establishes Expert Panel on Sustainable Finance
The panel will discuss initiatives to help channel investment into Japanese companies that support efforts to achieve carbon neutrality by 2050.
December 31, 2020 -
256AML / KYCPBOC Publishes Roadmap for Full LEI Adoption in China
By end 2022, LEIs will be used in securities and derivatives trading, risk monitoring, regulatory reporting, listed company supervision and the digital yuan ecosystem.
December 18, 2020 -
202MalaysiaBNM Provides Details on New Financing Facilities for SMEs
The budget initiatives included a targeted facility for SME working capital, credit for micro enterprises, and support for high-tech SMEs.
December 3, 2020 -
579MalaysiaBNM Announces Targeted Borrower Relief Under Record National Budget
Among the measures, BNM will establish a 2bn ringgit facility for SMEs to borrow from participating FIs at concessionary rates and with a government guarantee.
November 10, 2020 -
1.4KChinaChina Outlines Ambitious Plan on Climate Investment and Finance
The plan, backed by five government agencies, includes the introduction of a carbon market and two-way cross-border participation in green finance and climate-friendly investment.
October 28, 2020 -
1.1KAML / KYCFATF Adopts Measures to Mitigate Proliferation Financing Risk
The changes are aimed at ensuring FIs and DNFBPs do not unwittingly support or become part of proliferation financing networks or schemes.
October 26, 2020 -
637Market InfrastructureMAS, IBF Take Steps to Prevent Financial Sector Job Losses
IBF will run surveys every six months to obtain data about job losses at FIs to offer their staff reskilling support and possible redeployments in the industry.
October 21, 2020 -
619AML / KYCGLEIF Defines New Framework to Simplify, Accelerate LEI Issuance
Many of the labor intensive and time-consuming procedures performed to obtain an LEI are the same as those performed by the FI during onboarding.
September 29, 2020 -
2.4KAML / KYCCrypto Industry Responds to FATF Red Flag Report
New guidance from the FATF has been welcomed by the crypto industry, despite the compliance challenges it presents, writes Nathan Smale at Emfarsis.
September 29, 2020
