All posts tagged "trust companies"
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287ChinaCBIRC 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 -
349ChinaCBIRC 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 -
304ChinaSAFE 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 -
561FeatureMAS 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 -
587Capital Regulation
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 -
1.2KChinaChina 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 -
2.3KContributed 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 -
977AML / KYCMAS Penalises Asiaciti Trust for AML/CFT Failures
Asiaciti Trust failed to put in place adequate procedures to establish source of wealth, and did not inquire into unusually large transactions by customers who were PEPs.
July 23, 2020 -
885FeatureHKMA Proposes New Code of Practice for Banks’ Trust Companies
The HKMA is looking to address a lack of conduct requirements for trust businesses used by banks and their subsidiaries for wealth management purposes.
July 13, 2020 -
638EnforcementKorea: Banks, Brokers Agree Plan to Recover Lime Asset Losses
Twenty firms, including banks and brokers, will set up a new entity to manage the estimated 1.7tr won in assets frozen by Lime Asset Management since October.
June 11, 2020
