All posts tagged "risk mitigation"
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350AML / KYCFATF Seeks Views on Improvements to Recommendation 25
The review is intended to improve Recommendation 25 and its Interpretive Note to better meet its stated objective to prevent the misuse of legal arrangements.
July 1, 2022 -
307Asia-PacificOJK Indonesia Restricts Stock Trading by Finance Companies
Indonesia's OJK also introduced new reporting requirements for securities companies conducting business as underwriters and broker-dealers.
June 26, 2022 -
313ChinaPBOC, CBIRC Call on Banks to Boost Business Lending
Banks are directed to expand lending to SMEs amid concerns that China could struggle to record positive growth in the current quarter.
May 27, 2022 -
1.1KInternationalJapan FSA Issues Guidance on Preventing Archegos-style Incidents
Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.
April 24, 2022 -
837AML / 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 -
361Asia-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 -
376AML / 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 -
457EuropeIndependent 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 -
435FeatureGFXC 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 -
337Asia-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
