All posts tagged "Governance"
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798EuropeESMA Consults on New Standards for Third-Country Investment Firms
The new Investment Firms Regulation (IFR) and Directive (IRD) will require third-country firms providing investment services and activities in the EU to report granular information to ESMA.
February 3, 2020 -
627Australia & NZAPRA Publishes Strategic Priorities for the Year Ahead
Chairman Wayne Byres says publishing APRA's policy and supervision priorities supports the regulator's commitment to greater transparency and accountability.
January 31, 2020 -
673Capital / LiquiditySome Chinese Banks Would Crack Under Stress: S&P
S&P Global Ratings identifies Bohai Bank, China Zheshang Bank, and Shengjing Bank as under more pressure than other PBOC stress-tested banks.
January 31, 2020 -
1.3KAML / 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 -
705Fintech / 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 -
643Capital / LiquidityBNM 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 -
730AML / 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 -
929FeatureHKMA 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 -
910Crypto / Digital AssetsMalaysia 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 -
2.2KEuropeEBA 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
