An independent report found issues were acknowledged by the board for several years but they were not given due attention or effective remediation.
APRA has issued a discussion paper seeking to better understand current and emerging approaches for managing financial resources.
The SBV has approved proposals for several state-owned and private banks to increase their charter capital.
The Korea Customs Service will establish mechanisms targeting the sources of funds used by foreign residents for domestic real estate purchases.
In preparation for the 1 July 2022 effective date, APRA "encourages trustees to reassess their insurance arrangements and strategy, risk and compliance frameworks”.
Businesses in Cambodia are warned to "be mindful of interactions with entities in corrupt business practices, criminal activities and human rights abuses”.
Westpac CEO Peter King says the bank is already seeing culture improvements and benefits through reduced complexity and improved accountability.
Information security consultant CyberX9 said CDSL took seven days to fix the initial vulnerability when it could have been fixed within two hours.
LANKAQR targets SMEs and customers will not be charged for payments made by scanning a QR code with their mobile device.
A new report from the World Bank offers recommendations for East Asian and Pacific countries on addressing pandemic-related non-performing loans.