All posts tagged "foreign banks"

EU Lawmakers Back Draft Law to Implement Basel III

The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.

HKMA Finalises Code of Conduct Requirements for Banks

Banks have until 1 July 2023 to ensure their Code of Conduct and internal control systems are consistent with the revised SPM module.

EU Council Agrees Position on Basel III Implementation

The Council has retained the 1 January 2025 start date for implementation proposed by the European Commission a year ago.

European Commission May Scrap Stricter Foreign Bank Rules

HKMA Warns of Deposit Scams Being Used by Fraudsters

Fraudsters claiming to be financial advisors are soliciting deposits in unknown foreign banks by promising high deposit rates.

Court Rules Foreign Banks Must Face LIBOR Lawsuits in US

The Supreme Court has allowed lawsuits accusing foreign banks of manipulating LIBOR to be heard in New York even though the banks did not operate in the US.

CPMI Advances Work on Enhancing Cross-border Payments

A final report has been issued on extending RTGS operating hours, and another offering a framework for jurisdictions to self-assess payment system access.

PBOC Releases Latest Bank Assessment Results

The number of “red zone” institutions has declined for six straight quarters. No foreign-invested or private banks were identified as high-risk institutions.

PBOC Issues New Bond Lending Rules for Interbank Market

Financial institutions and foreign banks participating in the bond lending system must sign a master agreement, which NAFMII is tasked with developing.

EU Regulators Consider Stricter Rules for Foreign Banks

EU regulators are reportedly considering rule revisions that could force more foreign banks to operate as subsidiaries rather than branches.