Unit holder protections, corporate governance, disclosure quality to be enhanced; applicable to REITs, ETFs, closed-end funds.
Better access to information will aid regulator functions, enhance cross-border information sharing, enable better informed investment decisions, boost market liquidity.
Hana Financial Group chairman and KEB Hana Bank president also tied to illegal hiring of 32 employees in 2013.
New FSS chief to protect investors and root out irregularities by targeting predatory lending, bank profit structures, family-run conglomerates.
APRA review of executive remuneration frameworks at twelve financial institutions found remuneration structures do not encourage behaviour focused on risk management or long-term financial soundness.
New penetration testing framework establishes process for industry-wide cross-jurisdictional coordination on development and use of existing frameworks.
Intervention action should be taken to correct unsafe or unsound banking practices before rules and buffers are materially breached.
JPX to sell stake due to governance code requirements to explain strategic holdings, but says cooperation will continue.
The Bangladesh Institute of Bank Management presented a report calling for reform of internal control and compliance departments at the country’s banks.
Securities regulator, which remains independent after recent reshuffle, tightens rules on investment bank internal controls, securities and futures market participation.