All posts tagged "Oversight"
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391FeatureHKMA Proposes New Code of Practice for Banks’ Trust Companies
The HKMA is looking to address a lack of conduct requirements for trust businesses used by banks and their subsidiaries for wealth management purposes.
July 13, 2020 -
720Feature
HKMA Offers Guidance for Banks on Climate Risk Practices
The HKMA has published its observations on the approaches used by major banks to manage climate risk, as guidance for the banking sector as a whole.
July 8, 2020 -
513Hong KongSFC Asks HKEX to Raise Guard Against Conflicts of Interest
The SFC says Listing Department personnel should not attend business meetings with prospective listing applicants, and HKEX should further reinforce ‘Chinese Walls’.
July 4, 2020 -
577Asia-PacificBSP Approves New Payment System Oversight Framework
The BSP will be empowered to designate a payment system as systemically important, and replace its operator for a failure to satisfy regulatory obligations.
July 3, 2020 -
1.2KAML / KYCBNM e-KYC Policy for Customer Onboarding Takes Effect
Financial institutions have the freedom to decide on any combination of methods to identify and verify customers through e-KYC, but prior BNM approval is required.
July 1, 2020 -
256Capital RegulationIndia Brings Cooperative Banks Under RBI Oversight
Under the Banking Regulation Act amendments, cooperative banks can also undertake merger and restructuring activities more easily and access to fundraising channels.
June 29, 2020 -
1.1KFintech / Regtech
RBI Issues Guidelines on Use of Digital Lending Platforms
Digital lending platforms often do not disclose the name of the bank or NBFC providing the loaned funds. Under the new rules they will have to.
June 26, 2020 -
1.5KFeatureIOSCO Drafts Guidance on Supervising AI/ML in Financial Markets
IOSCO proposes six measures to assist members in creating appropriate regulatory frameworks to supervise market intermediaries and asset managers that use AI and ML.
June 26, 2020 -
1.3KFintech / RegtechFMSB Issues Statement of Good Practice on Algo Trading
The FICC Markets Standards Board sets out 10 Good Practice Statements for market participants and venue operators engaged in algorithmic trading in a new transparency draft.
June 25, 2020 -
366Capital RegulationFSC Korea Unveils Legislation to Tighten Supervision of Financial Groups
Under the bill, non-holding financial conglomerates like Samsung, Mirae Asset and Hyundai Motor will be subject to new requirements to monitor group risks and measure capital adequacy.
June 8, 2020
