All posts tagged "risk control"
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642ChinaCSRC to Introduce Market Makers to Shanghai STAR Market
Securities firms would be eligible to act as market-makers if they have net capital above CNY 10 billion and a classification rating of Class A or higher.
January 10, 2022 -
1.2KChinaPBOC Outlines 2022-2025 Fintech Development Plan
The plan includes measures to strengthen fintech governance, enhance data capabilities, and establish a new 'green' data centre.
January 7, 2022 -
507AML / KYCCBIRC Directs Banks to Ease Account Opening for Small Businesses
Banks may not refuse to open accounts for small and micro enterprises on the grounds that they have few staff or insufficient bank deposits.
January 6, 2022 -
1.3KAML / KYCTaiwan FSC Issues New Data Sharing Guidelines for FIs
Data may be shared between FIs, subject to consent, if it can enhance customer convenience, improve operations, or facilitate cooperative business arrangements or partnerships.
January 3, 2022 -
248AML / KYCCSRC to Enhance Account Management in Securities Industry
A pilot project has been initiated with 10 securities firms to optimise their account management functions and ensure the safety of customer funds.
December 14, 2021 -
688ChinaCBIRC Orders Banks to Strengthen Risk Controls
Insufficient assessment of potential business risks and a lack of core management systems and control measures have surfaced, the CBIRC said.
November 26, 2021 -
259AML / KYCPBOC Issues Guidance on Risk-based Account Opening
Banks are required to establish a classification and hierarchical management system for SME bank accounts by the end of the year to ensure proper risk control.
October 26, 2021 -
1.8KMalaysiaBNM to Raise Standards for Bank Sales of Insurance, Takaful Products
New draft rules are aimed at strengthening safeguards to ensure the delivery of better outcomes for consumers of insurance/takaful products.
September 5, 2021 -
221ChinaCBIRC Fines Trust Company for ‘Major’ Regulatory Violations
The trust company was fined CNY 5.66 million for risk control failures, mismanagement of its trust schemes, and other "serious" breaches.
August 5, 2021 -
249ChinaCSRC Releases Latest Grades for Securities Firms
Goldman Sachs Gaohua Securities, Morgan Stanley Huaxin, and Credit Suisse Founder Securities made the list for the first time.
August 2, 2021
