Some VCFMs did not make requisite disclosures to investors, have formalised policies and procedures in certain areas, and maintain a positive level of base capital.
March 16, 2023Widespread usage of the tool will be "an important component to help ensure a successful transition,” said Tom Wipf, who chairs the ARRC.
March 16, 2023The new rules propose to classify banks into three categories based on their business scale and risk levels and treat them differently based on their classification.
February 20, 2023As a result of certain deficiencies, the Options Clearing Corp's clearing fund was "underfunded" at various times between October 2019 and May 2021.
February 20, 2023Banque de France official says tokenisation increases operational risks, especially cyber risks, and needs to be regulated "as swiftly as possible".
January 26, 2023Risk management practices and controls used by fund managers reduce overall risk but "pockets of relatively higher risk" still exist.
January 23, 2023Albert Yuen and Jasmine Yung at Linklaters discuss Hong Kong's regulatory approach to technology risk and data security.
January 9, 2023The fine is the highest ever imposed against a bank by the FSC for IT-related issues. The bank's president will also have his salary cut for three months.
January 6, 2023The new system can process more than 500,000 transactions per second in real-time. New issuance underwriting and offline IPO systems also launched.
January 3, 2023The Sustainable Central Banking strategy sets out the BSP’s approach to promoting sustainability in the financial system.
December 29, 2022