All posts tagged "Governance"
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71AML / KYCSingapore’s Payment Services Act Comes Into Force
The PS Act gives MAS formal supervisory powers over technology, cybersecurity and AML/CFT controls at payment services firms, including cryptocurrency and e-wallet companies.
January 28, 2020 -
133Fintech / RegtechWEF Announces Global Consortium for Digital Currency Governance
The consortium aims to address regulatory fragmentation and increase access to the financial system through innovative policy solutions for digital currencies.
January 28, 2020 -
217Capital RegulationBNM Issues Draft Framework on Recovery, Resolution Planning
Each financial institution will be required to identify and plan for the execution of a suite of recovery options to restore its long-term viability under a range of stress events.
January 20, 2020 -
296AML / KYCMAS Publishes Responses to VCC Consultation Papers
VCCs are required to engage an Eligible Financial Institution, or EFI, to perform necessary AML/CFT checks and maintain the register of controllers, nominee directors and beneficial owners.
January 16, 2020 -
452FeatureHKMA Reveals Preliminary Findings from Bank Culture Assessments
HKMA executive director Alan Au says banks generally agree with the need to foster sound bank culture and have been implementing a range of culture enhancement initiatives.
January 16, 2020 -
354FeatureMalaysia Issues New Guidelines on Digital Assets
The guidelines require platform operators to carry out due diligence on prospective issuers of digital tokens, and issuers to satisfy governance and capital requirements.
January 16, 2020 -
1.7KEuropeEBA Details Roll-out Challenges of Big Data, Advanced Analytics
The EBA has identified four key pillars necessary to support the rollout of advanced analytics in the banking sector, along with a set of ‘elements of trust’.
January 16, 2020 -
264EnforcementSFC Lifts UBS Underwriting Suspension Two Months Early
The SFC is satisfied that UBS has adequate and effective systems, controls, policies and procedures to enable compliance with all requirements in relation to its sponsor business.
January 14, 2020 -
203IndiaRBI Imposes Restrictions on Another Cooperative Bank
Sri Guru Raghavendra Sahakara Bank is not allowed to grant or renew loans and advances, make investments, borrow funds or accept fresh deposits.
January 14, 2020 -
433Asia-PacificSri Lanka to Enact New Banking Act in 2021
The new Banking Act will streamline the licensing process, branch approvals, and adopt a proportionality framework for banking regulations, among other changes.
January 10, 2020
