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Enforcement
New Chief of S.Korea’s FSS Targets Bank Profiteering from Predatory Lending
By Manesh Samtani | 05/04/2018
New FSS chief to protect investors and root out irregularities by targeting predatory lending, bank profit structures, family-run conglomerates.
Market Infrastructure
Executive Remuneration Practices Need Improvement – APRA
By Editors | 05/04/2018
APRA review of executive remuneration frameworks at twelve financial institutions found remuneration structures do not encourage behaviour focused on risk management or long-term financial soundness.
Fintech / Regtech
GFMA Publishes Common Approach for Cyber Penetration Testing
By Manesh Samtani | 05/04/2018
New penetration testing framework establishes process for industry-wide cross-jurisdictional coordination on development and use of existing frameworks.
Capital / Liquidity
BCBS Publishes Study on Early Supervisory Intervention Practices
By Editors | 03/04/2018
Intervention action should be taken to correct unsafe or unsound banking practices before rules and buffers are materially breached.
Market Infrastructure
Japan Exchange Group to Sell SGX Stake Over Three Years
By Editors | 03/04/2018
JPX to sell stake due to governance code requirements to explain strategic holdings, but says cooperation will continue.
Market Infrastructure
Bangladesh Banks Call for Reforms on Internal Controls, Compliance
By Garima Chitkara | 02/04/2018
The Bangladesh Institute of Bank Management presented a report calling for reform of internal control and compliance departments at the country’s banks.
Enforcement
CSRC Flexes Muscles with Internal Control, Market Integrity Rules
By Samuel Riding | 02/04/2018
Securities regulator, which remains independent after recent reshuffle, tightens rules on investment bank internal controls, securities and futures market participation.
Market Infrastructure
Malaysia Foils Cyber Attack Involving Falsified SWIFT Messages
By Manesh Samtani | 01/04/2018
Unauthorised transactions were prevented by central bank, no financial losses occurred; near breach prompts increased vigilance in the Philippines.
Enforcement
Chinese Government Approves WMP Clampdown
By Editors | 30/03/2018
New rules to reduce leverage, ban guarantees; financial court to be set up in Shanghai will jurisdiction over major legal cases.
Market Infrastructure
PBOC Pilots Phase Two Interbank Payment System
By Editors | 30/03/2018
The second phase of CIPS will pilot at ten banks covering cross-border yuan clearing and settlement for all time zones.
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