The CRO must function independently, with no other responsibility or 'dual hatting', and report directly to the MD, CEO, or risk management committee of the board.
The new guide takes into account the TFCD recommendations, the UN Sustainable Development Goals, WFE guidance and best practices, and Nasdaq’s own pilot programme.
The Japanese consortium adds nearly 100 more companies, including banks, to the growing list of firms that support the TCFD recommendations on climate risk disclosures.
India’s National Stock Exchange has fined 250 firms for non-compliance with its listing obligations and disclosure requirements.
South Korea's FSC has fined four local brokerages for holding accounts belonging to Samsung Group chairman Lee Kun-hee under other people's names.
In its three year roadmap for India's payment and settlement systems, the RBI says it expects the number of digital transactions in the country to increase to 87 billion by December 2021.
Only Basel I rules will apply for the first three years after launch. Basel III will be phased in from the fourth year onwards, including NSFR and the leverage ratio.
The 200 basis point RRR cut will take place over three phases by end-July, and free up an estimated $3.6bn in banking system liquidity.
The project to link the Shanghai and London stock exchanges has reportedly lost momentum in China, after earlier plans to launch in December were called off.
Robo-advisory services will have to undergo testing and verification before they can be used to directly manage funds and entrusted assets under new enabling FSC regulations.