Financial authorities aim to require banks to set aside an additional capital reserve called a “countercyclical capital buffer” (CCyB), on top of lenders' mandatory capital reserve buffers required ...
The Financial Services Council (FSC) has canvassed greater use of scalable advice not constrained by the requirement for a Statement of Advice (SOA). In a column written by FSC policy manager, Zach ...
To protect the rapidly increasing number of overseas stock investors, the obligation for securities companies to separately deposit U.S. dollar investor deposits will increase from 70% to 80%. A new ...
The Financial Services Commission (FSC) announced that it will conduct a legislative notice for amendments to the lending business law enforcement ordinance and supervisory regulations from the 8th to ...
Other sectors of the financial services industry should not be made to fund client losses generated by financial advisers under a compensation scheme of last resort (CSLR), according to the Financial ...