Several banks have already exhausted their quotas and are no longer accepting new loan applications. The SBV has so far refrained from granting additional quotas.
August 15, 2022Securities firms will be allowed to design more diversified trust products, enabling them to better meet customers' financial planning needs, the FSC said.
August 11, 2022New paper aims to help advance industry efforts and dialogue on the concepts and processes used by CCPs to address losses from non-default events, such as cyber attacks.
August 8, 2022MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.
August 8, 2022Survey responses from banks. insurers and super funds shows are "encouraging". A key area for improvement is metrics and targets.
August 5, 2022The proposed rules impose 'fit and proper' requirements on shareholders and key responsible persons of adjusters.
August 4, 2022At a meeting last week, the CBIRC said it would focus its work on enhancing regional banks' capital positions and ensuring the stability of the real estate market.
August 3, 2022The regulatory framework includes a set of principles for capital market entities to adopt in their use of AI/machine learning.
August 2, 2022The XRB intends to finalise the standards in December 2022. New Zealand's first climate statements will be published in April 2024.
July 31, 2022Under Chinese law, all companies are required to have a CCP unit, but this has so far not been widely enforced at foreign financial firms.
July 26, 2022