All posts tagged "Accountability"
-
1.4KAsia-PacificIndonesia Prepares to Launch Sovereign Wealth Fund
Indonesia will need to pay particular attention to the governance of the new fund, as Malaysia's 1MDB scandal still looms large in the minds of global investors.
November 29, 2020 -
5.1KAustralia & NZAPRA Unveils Details of New Cyber Security Strategy
Starting next year, APRA will be asking boards to engage an external auditor to comprehensively review their compliance with CPS 234 on information security.
November 27, 2020 -
580ChinaCSRC Updates Senior Manager Rules for Securities, Fund Operators
Securities and fund management firms are expected to establish and improve internal accountability mechanisms for senior managers, and penalise violations with clawback and malus.
November 25, 2020 -
738Australia & NZAPRA Halves CBA Operational Risk Capital Add-on
CBA has made "significant progress" in areas such as risk management and compliance, remuneration and risk culture, APRA says.
November 20, 2020 -
2.1KContributed ArticlePractical Tips for Compliance with Singapore’s IAC Guidelines
Shuhui Kwok at Allen & Overy provides practical tips for FIs to consider when assessing the IAC Guidelines, their application and implementation.
November 17, 2020 -
673Australia & NZ
APRA Updates Draft Prudential Standard on Remuneration
The prudential standard is expected to come into effect for significant banks in January 2023 and for significant insurers and superannuation entities in July 2023.
November 12, 2020 -
875Australia & NZNew Zealand Unveils Roadmap for Sustainable Financial System
Among the 11 key recommendations to help facilitate change, New Zealand's roadmap involves the introduction of a new stewardship code for financial institutions.
November 11, 2020 -
1.4KBig PictureFSB Advances Dialogue on Outsourcing, Third Party Relationships
An outage or failure at a single third party could create a single point of failure with potential adverse consequences for financial stability, the FSB says.
November 10, 2020 -
989EuropeBovill Research Calls into Question Efficacy of FCA’s SMCR
The FCA’s experience with SMCR could inform senior management regimes in other jurisdictions such as Singapore, Australia and Hong Kong.
October 28, 2020 -
1.3KCapital RegulationPBOC Issues Draft Rules ‘Fully Revising’ Commercial Bank Law
The revisions will enhance governance, improve board and senior management accountability, strengthen capital and risk management requirements, and raise penalties for violations.
October 19, 2020
