All posts tagged "Oversight"
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93AML / KYCPBOC Proposes to Tighten Oversight of Non-bank Payments Firms
If the PBOC identifies a non-bank payment institution as a monopoly, it can advise the State Council's antitrust committee to take action to break up the firm.
January 22, 2021 -
222AML / KYCLessons Learned From APAC’s Landmark Year of AML Fines
Drawing from landmark penalties in 2020, FINTRAIL’s Payal Patel and Sara Abbasi identify key lessons to help financial institutions guard against financial crime.
January 20, 2021 -
272Market InfrastructureMAS Raises Expectations on Technology Risk Management
The revised guidelines set out higher expectations for FIs in technology risk management, including for assessments of third-party suppliers.
January 19, 2021 -
125FeatureSGX RegCo Raises Audit, Valuation Standards for Listed Firms
Primary-listed issuers must appoint an ACRA-registered auditor, and only use property valuers that meet certain qualification criteria.
January 12, 2021 -
103China
PBOC Offers Incentives for Interbank Bond Market Makers
New rules set to take effect in April will streamline administration of market makers and for the first time establish an incentive mechanism.
January 4, 2021 -
96AML / KYCFederal Reserve Orders Credit Suisse to Enhance AML Controls
Credit Suisse is required to improve its risk assessment, customer due diligence, suspicious activity monitoring and reporting processes.
December 31, 2020 -
152Fintech / RegtechUS Regulators Call for Responsible Stablecoin Design, Operation
Stablecoin participants and arrangements should register with FinCEN and comply with AML, sanctions, recordkeeping and reporting requirements.
December 31, 2020 -
115Australia & NZAustralia to Further Streamline Financial Advice Regulations
Streamlining the number of bodies involved in financial adviser oversight will reduce complexity and add value for retail investors, said SAFAA CEO Judith Fox.
December 15, 2020 -
132Australia & NZRBNZ Reprimands Pacific International Insurance Over Reporting Failures
The RBNZ says Pacific International Insurance's poor history of non-compliance with regulatory reporting requirements continued despite repeated warnings.
December 4, 2020 -
294Australia & NZWestpac Commits to Addressing Risk Governance Weaknesses
The court enforceable undertaking requires Westpac to develop an integrated plan to address all major risk governance issues, covering both financial and non-financial risks.
December 3, 2020
