Conduct, Culture & Accountability

HKMA Issues Governance Guidelines

15/12/2016

Systemically important institutions should set up risk, nomination and remuneration committees.

Resolution & Recovery

S.Korea to Issue RRP Rules in Early 2017

15/12/2016

Regulators will be able to restrict business activity of financial institutions that fail to comply.

Cybersecurity

APAC Regulators Set to Up Cyber-scrutiny

14/12/2016

FIs should also brace for more monitoring, enforcement, according to Deloitte, Simmons and Simmons.

Conduct, Culture & Accountability

Korean Banks’ Performance-Based Pay Prompts Backlash

14/12/2016

Union says Financial Services Commission pressured banks to adopt the system.

Clearing & Post-Trade

China Exchanges Issue Bond Repo Risk Guidelines

14/12/2016

Measures aim to strengthen risk management and ensure long-term bond market growth.

Conduct, Culture & Accountability

MAS Bids to Raise Adviser Standards

14/12/2016

Proposals include ethics and skills components, more customised examination models.

Market Abuse

Thailand Introduces Stiff Penalties for Market Malpractice

14/12/2016

Offenders could face substantial financial penalties and 10-year bans.

Conduct, Culture & Accountability

S.Korea to Tighten Monitoring of Loan Spreads

14/12/2016

Regulator to also set up mechanism for consumer loan comparison on a like-for-like basis.

Conduct, Culture & Accountability

NZ to Finalise FI Conduct Guide in 2017

14/12/2016

Guide not a checklist or legal requirement, but could be used as reference in FMA inquiries.