All posts tagged "JP Morgan"
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316ChinaTrade Deal to Enable Early Entry of US Firms to China
Under the agreement, the December timeline for China's removal of foreign ownership limits in the securities sector is brought forward to April.
January 16, 2020 -
548AML / KYCFINRA Fines Five Firms Over Custodial Accounts for Minors
Citigroup, JP Morgan, LPL Financial, Morgan Stanley and Merrill Lynch failed to properly monitor custodial accounts to ensure assets were transferred to beneficiaries once they came of age.
December 30, 2019 -
250ChinaJP Morgan Secures Business Licence for China Joint Venture
The CSRC gave JP Morgan approval to set up majority-owned securities joint venture in China since March, but it has not been granted a licence to operate until now.
December 19, 2019 -
406AML / KYC
Japan Banks to Join JPM Blockchain Initative to Boost AML Measures
Japanese banks are looking to use JP Morgan's Interbank Information Network to bolster AML measures because it makes screening of cash recipients faster and more efficient.
December 11, 2019 -
502KoreaKorea FSS Pledges to Improve Environment for Foreign FIs
At a meeting with bank and asset manager heads, the FSS promised to lower regulatory and operational barriers for foreign firms looking to enter Korea’s financial markets.
December 3, 2019 -
285ChinaNomura Joint Venture Secures China Securities Business Licence
Nomura Orient International Securities, 51% owned by its Japanese parent, will be allowed to operate brokerage, investment consulting, proprietary trading, and asset management businesses.
November 25, 2019 -
1.2KAustralia & NZEFS Reporting for Derivatives to Start in Q3 2020: APRA
APRA has determined that only ANZ, BNP Paribas, Citibank, CBA, Deutsche Bank, HSBC, JP Morgan, Macquarie, MUFG, NAB, Sumitomo Mitsui and Westpac will be required to report under ARS 722.0.
November 23, 2019 -
512Capital RegulationFSB Adds Toronto Dominion to G-SIBs List
The addition of Toronto Dominion to the list brings the overall number of G-SIBs from 29 to 30. Deutsche Bank was moved to a lower bucket within the list.
November 23, 2019 -
379Fintech / RegtechMAS Showcases Blockchain-based Prototype for Multi-Currency Payments
The prototype network, developed by MAS in collaboration with JP Morgan and Temasek, will provide interfaces for other blockchain networks to connect and integrate seamlessly.
November 11, 2019 -
514ChinaChina to Allow Foreign Banks to Underwrite Interbank Market Bonds
Foreign banks are currently limited to underwriting business involving offshore non-financial issuers. ‘Class A’ licences will allow them to underwrite bonds in the interbank market.
August 29, 2019
