The guidelines require banks to implement a unified system for the centralised management of their service prices to promote fair competition.
February 2, 2022Peiying Chua explains how financial institutions can ensure their implementation of AI does not run afoul of lawmakers and regulators.
January 31, 2022New guidance urges banks and insurers to "vigorously promote" digital financial services and further develop their data and technology capabilities.
January 31, 2022The pandemic highlighted that greater automation of compliance and supervisory processes may better accommodate a remote workforce.
January 14, 2022The guidelines emphasise the need for appropriate governance, differentiated controls based on the importance of outsourced functions, and awareness of concentration risk.
January 10, 2022The draft rules cover governance arrangements, operational requirements, risk management and internal controls, and IT requirements.
January 3, 2022This list presents the most-read contributed articles published by Regulation Asia in 2020, based on aggregated user traffic analytics.
December 23, 2021The revised rules seek to align the domestic framework with IAIS standards, while also addressing corporate governance and risk management issues.
December 21, 2021Outsourced CDD does not exist in isolation from reporting entities' wider CDD procedures and obligations, the DIA and FMA said.
December 20, 2021BNM proposes governance, risk management and operational requirements to ensure safety, efficiency, reliability and confidence in payment systems.
December 17, 2021