MARKET INFRASTRUCTURE

    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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