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Regulation of custody sector remains undecided
Sunday 11th of August 2019
A review of the sector dates back to the International Monetary Fund (IMF) Financial Sector Assessment Programme 2017. The IMF recommendations include considering whether there is a case for recommending the establishment of a regulatory regime for custodians.
FMA director of regulation, Liam Mason, says a review of the sector is being done, but "it’s a multi-layered problem&...
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