All posts tagged "inspections"
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296Australia & NZRBNZ Consults on Draft Deposit Takers Act Legislation
The Depositor Compensation Scheme will protect up to NZD 100,000 per depositor, per licensed deposit taker, and is expected to be operational in late 2023.
December 9, 2021 -
275EnforcementFSS Faces Criticism Over Revamp of Supervisory Approach
South Korea's FSS will shift focus from disciplinary actions to risk prevention, according to FSS governor Jeong Eun-bo.
November 11, 2021 -
225Hong KongHK Passes Legislation to Expand FRC’s Regulatory Functions
The FRC will become a full-fledged independent regulatory body for the accounting profession, performing inspections, investigations and disciplinary work.
October 28, 2021 -
394ChinaCBIRC Shenzhen Launches Initiative to Drive SupTech Development
A new Smart Inspection Laboratory will develop tools to facilitate on-site inspections, off-site supervision, and market access.
October 19, 2021 -
246ChinaCSRC to Bolster Supervision of Securities, Fund Practitioners
The CSRC will organise on-site inspections to ensure securities and fund practitioners adhere to professional ethics obligations and improve governance.
September 8, 2021 -
290TaiwanTaiwan FSC Issues Guidelines on Bank Inspections
The FSC says a key objective of the guidelines is to introduce innovative technology including big data analysis into the inspection process.
August 3, 2021 -
666AML / KYCJapan FSA Sets Hard Deadline for Full AML/CFT Compliance
The FSA has directed FIs to formulate a plan that ensures full compliance with its AML/CFT guidelines by March 2024.
June 8, 2021 -
214ChinaCBIRC Warns Small Banks to Rein In Property Lending
The CBIRC will punish lenders that help borrowers to circumvent regulations prohibiting the use of business loans to buy real estate.
June 3, 2021 -
215ChinaChina Watchdog Exposes Corrupt Former Regulators
Regulators inspected Baoshang Bank on 50 occasions and deliberately avoided parts of the business that had significant potential risks.
May 28, 2021 -
298ChinaShanghai, Shenzhen Bourses Consult on New Bond Issuance Rules
Rules requiring issuers to have credit ratings are removed, investor rights protection mechanisms are enhanced, and obligations on intermediaries are strengthened.
May 22, 2021
