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Financial Institutions Must Comply with New Regulations
Date: November 10, 2018
In a recent move to ensure the stability and security of the financial sector, the regulatory body has introduced new regulations governing debt collection proceedings. The measures aim to protect consumers from unscrupulous debt collectors and promote fair business practices.
Key Highlights:
- New regulations for debt collection proceedings
- Aim to protect consumers from unfair business practices
- Promote fair business practices in the financial sector
Cloud Computing Takes Center Stage
Date: June 13, 2022
The rapid growth of cloud computing has led to a shift in the way financial institutions operate. A new directive has been issued to ensure that banks adopt robust cybersecurity measures to safeguard customer data stored on cloud platforms.
Key Highlights:
- New directive for cybersecurity measures on cloud platforms
- Aim to protect customer data from cyber threats
- Ensure secure operation of financial institutions
Mortgage Consultants Under Scrutiny
Date: January 31, 2019
In an effort to promote transparency and accountability, mortgage consultants will now be subject to stricter regulations. The new directives aim to protect consumers from unscrupulous practices and ensure that they receive unbiased advice.
Key Highlights:
- Stricter regulations for mortgage consultants
- Aim to promote transparency and accountability
- Protect consumers from unfair practices
Use of Information According to the Checks Without Cover Law
Date: February 14, 2018
Financial institutions are required to comply with a new directive regarding the use of information according to the Checks Without Cover Law. The measures aim to prevent identity theft and protect customer data.
Key Highlights:
- New directive for information use
- Aim to prevent identity theft and protect customer data
- Ensure secure operation of financial institutions
Management of Credit Risk Derived from Trading Activity
Date: August 23, 2018
To mitigate the risk of credit defaults, financial institutions must now adopt robust risk management strategies for trading activities. The new directive aims to promote stability in the financial sector.
Key Highlights:
- New directive for risk management strategies
- Aim to mitigate credit risk and promote stability
- Ensure secure operation of financial institutions
Supervision of Overseas Branches
Date: June 17, 2018
In an effort to ensure that overseas branches of financial institutions operate in a responsible and transparent manner, new regulations have been introduced. The measures aim to promote international cooperation and reduce regulatory arbitrage.
Key Highlights:
- New regulations for overseas branches
- Aim to promote transparency and accountability
- Reduce regulatory arbitrage
And Many More…
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