All posts tagged "trust companies"
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213ChinaChinese Police Detain Sichuan Trust Boss Over Missing Funds
Liu Canglong, who controls companies with a majority stake in Sichuan Trust, is being held by the public security bureau in Chengdu.
June 9, 2021 -
1.6KMarket InfrastructureMAS to Expand Scope of Mandatory Reference Check Regime
MAS proposes to expand the scope of FIs and employees subject to the mandatory reference checking regime. FIs will have to maintain records for all employees.
May 17, 2021 -
250Capital / LiquidityCBIRC Offers New Model for Trust Firms to Dispose of Bad Assets
Trust companies can transfer bad assets to the balance sheet of China Trust Protection Fund, which was set up in 2014 to provide liquidity support to the trust sector through loans.
May 14, 2021 -
333ChinaCBIRC to Implement New Licensing Rules for FIs From 1 July
Under the new rules, CBIRC supervised institutions will be classified into three categories - financial, insurance and insurance intermediary.
May 12, 2021 -
415China
CBIRC Issues New Guidelines on Reputational Risk Management
The guidelines set out four principles for all CBIRC-regulated financial institutions to incorporate in their reputation risk management systems.
February 25, 2021 -
343ChinaSAFE Keeps With Pledge to Grant Additional QDII Quotas
SAFE pledged to grant additional quotas quarterly. Since September, $12.72bn worth of QDII quotas have been granted to 71 institutions.
December 4, 2020 -
622Feature
MAS Proposes to Make Data Breach Offences Compoundable
MAS would be able to take tougher actions against breaches that do not meet the threshold of a criminal prosecution but call for stronger penalties.
December 3, 2020 -
634Capital / Liquidity
CBIRC Finalises Enhanced Rules for Trust Companies
The new rules will take effect on 1 January, strengthening requirements for shareholders, managers and independent directors of trust companies.
November 26, 2020 -
1.3KChinaChina Issues Draft Rules Easing Foreign Access to Bond Market
The rules simplify application procedures for foreign bond investors, unify rules governing various investment channels, and optimise remittance and foreign exchange operations.
September 4, 2020 -
2.4KContributed ArticleJapanese Trust Funds Align with Global Trends on FX Settlement Risk
Trust funds in Japan have started focusing on mitigating FX settlement risk, to which they have long been exposed. This article explains the change in focus and the factors behind this.
July 27, 2020
