All posts tagged "Supervision"
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458Australia & NZASIC Reveals Sharp Increase in Investigations Involving Major FIs
As of 1 January, ASIC had 316 investigations on foot related to misconduct. Cases involving CBA, NAB, Westpac, ANZ and AMP increased 52% from 12 months earlier.
February 27, 2020 -
1.3KAML / KYCFATF Commends Korea, Warns Pakistan, Blacklists Iran
Korea has a sound legal and institutional framework. Pakistan is asked to complete its action plan. Countermeasures against Iran are reinstated.
February 24, 2020 -
352EuropeIndia Cabinet Approves SEBI-FCA Updated AIFMD MoU
The updated MoU substitutes references to EU legislation with the relevant UK law, pursuant to the UK's exit from the EU on 31 January.
February 20, 2020 -
447Australia & NZ
APRA, ASIC Welcome Reforms on Superannuation Regulation
ASIC will be focused on conduct issues involving superannuation trustees, while APRA will be focused on prudential supervision of trustee activities.
February 17, 2020 -
815EnforcementHK SFC Fines Wealth Manager for Noncompliance with Taiwan Laws
Capital Global Management Limited was distributing offshore investment funds and offering investment advice in Taiwan despite not being authorised by Taiwan's regulator.
February 17, 2020 -
786Asia-PacificPhilippine Lawmaker Proposes Regulatory Framework for Virtual Banks
The bill proposes that the BSP grant five virtual bank licences every year for at least five years, and to allow both financial and non-financial firms to apply.
January 8, 2020 -
484MalaysiaBNM Issues Revised Equity Exposure Rules for FIs
Financial institutions need BNM's prior written approval to acquire or hold 20% or more of the voting shares or voting power in a corporation. Compliance is required by 31 December 2021.
January 6, 2020 -
738ChinaShanghai Bourse Launches New Market Surveillance System
The new monitoring system will enhance the effectiveness of front-line supervision, ensure fair transactions, and promote the stable and healthy development of the capital market, the SSE says.
January 6, 2020 -
1.4KAML / KYCCBIRC Tightens Scrutiny of AML/CTF Programmes at Banks, Insurers
Banks and insurers are required to submit annual reports on their AML/CTF programmes within 20 working days after the end of each year. For 2019, the reports should be submitted by 15 February 2020.
January 6, 2020 -
323Australia & NZGovernance, Accountability in Focus in Phase Two Review of RBNZ Act
The government will progress a number of key 'in-principle' decisions of the review by enacting two separate Acts to replace the Reserve Bank of New Zealand Act 1989.
December 23, 2019
