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, 2022Indonesia's OJK also introduced new reporting requirements for securities companies conducting business as underwriters and broker-dealers.
June 26, 2022Banks are directed to expand lending to SMEs amid concerns that China could struggle to record positive growth in the current quarter.
May 27, 2022Firms 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, 2022The guidelines will take effect on 30 September, except for the new cross-border correspondent relationships requirements, which take effect six months later.
September 16, 2021SEC chairman Viraj Dayaratna described the new law as “futuristic”, saying it will help to increase market liquidity and attract foreign investment.
September 9, 2021The 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, 2021The report indicates that the risks were known, but responsible parties in the first and second lines simply failed to act.
July 30, 2021The 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, 2021Banks can purchase Sri Lankan sovereign bonds in the secondary market only using freshly raised borrowings from overseas.
June 25, 2021