The AMLA will directly supervise certain types of credit and financial institutions, including crypto asset service providers, starting in 2026.
July 7, 2022Banks, insurers and non-bank deposit takers will be required to obtain a conduct licence from the FMA, on top of their prudential licences from the RBNZ.
July 1, 2022Regulated entities don't require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.
June 29, 2022CES Capital International failed to perform sufficient due diligence and monitoring of the underlying investments of two funds.
June 28, 2022Circulars were sent to listed companies regarding digital assets. The SEC's final advertising rules will take effect on 16 July. Huobi has exited the Thai market.
June 21, 2022China’s new National Climate Adaptation Strategy 2035 New Climate Adaptation Strategy encourages financial institutions to innovate and expand solutions.
June 20, 2022The SRCM framework sets out how the FSCC should intervene in the event of a potential systemic risk that could negatively affect the macroeconomy.
June 15, 2022A third data gaps initiative has been proposed, to address data gaps relating to climate change, fintech and financial inclusion, among other things.
June 10, 2022The FSB explains the sources of risk in the NBFI sector, and the data, tools and policy approaches available to monitor and address these risks.
June 9, 2022The Department of Finance is directed through a presidential order to provide oversight of FX derivatives activities of non-bank government entities.
June 5, 2022