All posts tagged "Supervision"
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421AML / KYCSFC Fines Wealth Manager Noah Holdings for Internal Control Failures
The firm was fined HK$5mn for failures in client risk profiling and product due diligence, resulting in potentially unsuitable investment products being sold to clients.
May 30, 2018 -
491EnforcementS. Korea Announces Measures to Prevent Stock Trade Errors
Measures to prevent repeat of Samsung Securities dividend payout error include new real-time monitoring system, tighter controls at securities firms, tougher penalties.
May 29, 2018 -
453Capital RegulationS.Korea to Tighten Supervision on Financial Conglomerates
Tighter regulations will apply to financial affiliates of five major conglomerates Samsung, Hyundai Motor, Hanwha, Lotte and DB, as well as affiliates of Kyobo Life Insurance and Mirae Asset Daewoo.
May 11, 2018 -
353ChinaChinese Exchanges Toughen ‘Abnormal Trade’ Monitoring
SZSE and SSE have strengthened rules for member firms on monitoring key accounts for abnormal trading and market manipulation.
May 1, 2018 -
323Capital RegulationPolicy Tools Sufficient to Reduce Financial Sector Leverage – PBOC
PBOC governor said Chinese economic fundamentals were strong and that the central bank had enough tools to bring down financial leverage and mitigate systemic risks.
April 26, 2018 -
342AML / KYCPhilippines Targets Retail Finance Digitalisation
BSP governor laid out the central bank’s regulatory priorities in fintech and regtech while revealing regulation around AML/KYC requirements and mitigating the risks surrounding data security.
April 19, 2018 -
412ChinaChina to Introduce National Financial Database in Fight Against Systemic Risk
China looking to build a national database of financial products and institutions in order to improve monitoring and supervision and fend off systemic financial risk.
April 12, 2018 -
435FeatureIndia Directs Payment Firms to Store User Data Onshore
Payment service providers have been asked to move all consumer data, including end-to-end transaction details to India within six months to ensure easier access by the central bank for supervisory purposes. Foreign firms to be impacted more than domestic firms.
April 9, 2018 -
344Asia-Pacific
Philippines to Strengthen Supervision Through Regtech
BSP to adopt regtech solutions including API for electronic data submissions by FIs, chatbot for complaints to the regulator.
April 5, 2018 -
409ChinaChinese Government Approves WMP Clampdown
New rules to reduce leverage, ban guarantees; financial court to be set up in Shanghai will jurisdiction over major legal cases.
March 30, 2018
