All posts tagged "risk mitigation"
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405AML / KYCSFC Finalises AML Guidelines for Securities Sector
The guidelines will take effect on 30 September, except for the new cross-border correspondent relationships requirements, which take effect six months later.
September 16, 2021 -
176Asia-PacificSri Lanka Passes New SEC Act to Bolster Capital Market
SEC chairman Viraj Dayaratna described the new law as “futuristic”, saying it will help to increase market liquidity and attract foreign investment.
September 9, 2021 -
233AML / KYCAUSTRAC Releases Banking Sector Risk Assessments
The big four represent the highest risk due to the scale of retail products and services they offer, particularly those that facilitate cash transactions and rapid funds transfers.
September 8, 2021 -
279EuropeIndependent Report Finds Risk Control Failures at Credit Suisse
The report indicates that the risks were known, but responsible parties in the first and second lines simply failed to act.
July 30, 2021 -
188FeatureGFXC Updates FX Global Code to Promote PvP Settlement
The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.
July 27, 2021 -
153Asia-PacificCBSL Lifts Ban on Banks Buying Sri Lankan Sovereign Bonds
Banks can purchase Sri Lankan sovereign bonds in the secondary market only using freshly raised borrowings from overseas.
June 25, 2021 -
363EnforcementMAS Reprimands Four FIs Over Remuneration Practices
Two insurers, two financial advisory firms, and two individuals were reprimanded over breaches related to their risk management arrangements and remuneration practices.
June 16, 2021 -
190KoreaKRX to Launch Trade Compression Services This Year
KRX has amended its OTC derivatives clearing and settlement rules to provide the legal basis for the introduction of trade compression services.
June 15, 2021 -
413AML / KYCJapan FSA Sets Hard Deadline for Full AML/CFT Compliance
The FSA has directed FIs to formulate a plan that ensures full compliance with its AML/CFT guidelines by March 2024.
June 8, 2021 -
153ChinaChina: NAFMII Revises Rules for Credit Derivatives
The rules remove a restriction that prohibited CDS and CLN from being linked to instruments other than non-financial corporate debt.
May 14, 2021
