This week's risk management news includes regulations on Citibank’s Gurgaon fraud case investigation, China’s foreign currency investments, and tighter loan rules from BI.
August 03, 2011 | The Asian Banker Editor
Enforcement Directorate to quiz Citibank fraud mastermind
The Enforcement Directorate will interrogate Shivraj Puri, the alleged mastermind of the fraud case at the Citibank branch in Gurgaon, under anti-money laundering laws. Statements of the tainted relationship manager and others associated with him will be soon recorded under the Prevention of Money laundering Act.
China to continue diversifying foreign currency investments
People’s Bank of China has issued a statement to the effect that China will continue to diversify its foreign currency investments and strengthen risk management to minimize the impact of the global financial market's fluctuations on the country.
BI may tighten rules for home, auto loans
Bank Indonesia might impose rules to reduce rapid loan growth in the two fast-growing sectors by limiting funds banks can lend to a proportion of the value of goods being bought.
Re-disseminated by The Asian Banker
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Risk And Regulation Working Group
