The FSS said it will impose disciplinary procedures "promptly and strictly" against managers and executives who commit illegal acts.
August 4, 2023The new standards, effective from 1 March 2024, include 28 Standards, accompanying guidance, and a framework for regulating overseas FMIs.
August 1, 2023The recommendations were improved to better safeguard client assets, address conflicts of interest, and improve cross-border cooperation.
July 18, 2023Ant Group was fined CNY 7.1 billion. The PBOC and CSRC said they would shift focus to more "normalised supervision".
July 10, 2023The amendments cover a wide range of topics, addressing climate, digitalisation, interest rate risk, cyber risk, counterparty credit risk, and bank culture.
July 7, 2023Elements of the final Basel III reforms would be phased in starting in January 2025, two years after the globally agreed deadline.
June 28, 2023The FATF will publish on 27 June its fourth update on the implementation of the recommendations on virtual assets and VASPs.
June 26, 2023The guidelines streamline the debt issuance process, enhance information disclosure requirements, and tighten the responsibilities of issuers and intermediaries.
June 22, 2023Bank supervisors express optimism regarding banks' ability to leverage AI-based models in credit evaluation, despite the challenges.
June 20, 2023FINMA said its intensive supervision will "definitely continue". MAS said it expects both banks to handle the implications for jobs "responsibly".
June 13, 2023