The guidance emphasises the "paramount importance of equitable and beneficial interest always remaining with the customer".
January 25, 2023The simplified process currently available to small firms under the IBC will be expanded to some larger firms, among other changes.
January 20, 2023Former CEO Markus Braun and his co-defendants face up to 15 years in jail, though a verdict is not expected until at least 2024.
December 15, 2022EU market participants will have to hold "active accounts" at EU CCPs for clearing certain systemic derivatives. Dual class shares will be introduced.
December 12, 2022The G-SIBs are encouraged to improve their TLAC internal planning and management mechanisms and issue TLAC non-capital bonds in offshore markets.
December 1, 2022Under the new framework, ARCs can act as resolution applicants under the Insolvency and Bankruptcy Code.
October 17, 2022The guidelines set out the criteria banks should use to assess economic interdependence between connected counterparties, among other requirements.
September 1, 2022The agenda sets out measures to ensure financial stability, encourage digital transformation, improve the capital markets, and introduce new regulations for digital assets.
August 12, 2022Funding support will only be made available for the resolution of distress in cases where an FI has the potential to improve liquidity and capital adequacy.
July 28, 2022Target is Hong Kong's largest motor insurer, providing coverage for mini buses and more than 60 percent of the 18,000-plus taxis in the city.
July 19, 2022