All posts tagged "Transparency"
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178Australia & NZDisclosure Can Contribute to Customer Harm: ASIC
Disclosure can backfire in unexpected and harmful ways and should not be relied upon by itself to drive good consumer outcomes, ASIC says in a joint report with the Dutch regulator.
October 17, 2019 -
1.9KBig PictureHong Kong Making Slow Progress on Open Banking: S&P
S&P Global Ratings says Hong Kong’s approach to open banking makes it hard for third-party service providers to participate, limiting the potential of the new digital ecosystem.
October 3, 2019 -
385MalaysiaBNM to Require FIs to Report Climate-related Exposures
Malaysia's central bank will use the reported data to set new regulatory standards that better reflect the risks from climate-related exposures.
October 2, 2019 -
353Australia & NZRBNZ to Start Publishing Regulatory Breaches by Banks
The RBNZ will start publishing banks' regulatory breaches on its website next year in a bid to improve transparency and market discipline.
September 26, 2019 -
452Big PictureAutomating Regulatory Compliance in DLT-based Markets: BIS Paper
The paper makes the case for a "embedded supervision", a regulatory framework that automates compliance monitoring using the information in a distributed ledger.
September 23, 2019 -
713ChinaBIS Survey Reveals Rising Significance of Asian FX Hubs
Sales desks in China, Hong Kong and Singapore all recorded rises in FX trading activity compared to three years earlier. The UK increased its dominance despite Brexit fears.
September 19, 2019 -
328Australia & NZAFCA to Start Naming Financial Firms in October
The move is aimed at increasing transparency and accountability in the financial sector, which will also enhance consumer confidence.
September 13, 2019 -
290Asia-PacificBSP Revises Rules to ‘Institutionalise’ Consumer Protection at Banks
The BSP has revised its financial consumer protection framework to ensure banks conduct their business ethically and refrain from practices that may cause harm to consumers.
September 12, 2019 -
448KoreaFSC Korea to Ease Major Shareholder Notification Rule
Institutional investors will be exempt from disclosing major shareholding changes when exercising their rights to remove law-breaking executives or to push for improved governance.
September 6, 2019 -
1.2KAML / KYCFATF Releases Mutual Evaluation Report for Hong Kong
Hong Kong needs to enhance prosecution of money laundering involving crimes committed abroad and strengthen supervision of certain non-financial businesses.
September 4, 2019
