Government bodies creating duplicating, unsynchronised systems.
While most firms have adequate policies, implementation is inconsistent.
33 percent of ASIC market integrity enforcements addressed listed firms' disclosure burden.
Largest-ever fine imposed after USD 81M Bangladesh Bank heist on RCBC.
The site offers the public information about deposit-taking entities, handles complaints.
The government’s move aims to prevent shadow-financing risks.
Stronger internal compliance and risk protocols required before year end.
Central bank chief says RCBC likely to be held liable for theft, repay money.
Lenders must focus on better customer assessment to reduce probability of fraud, central bank says.
Managing director says 1MDB scandal has damaged Singapore’s reputation as a financial centre.