All posts tagged "Accountability"
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766Asia-PacificBSP Joins Network for Greening the Financial System
The NGFS membership will strengthen BSP’s collaboration with central banks and supervisors on the effective management of climate risks in the financial sector.
August 4, 2020 -
701InternationalIMF Publishes New Transparency Code for Central Banks
The voluntary code allows central banks to measure transparency, which the IMF says is necessary to facilitate accountability and enhance public trust and support.
August 4, 2020 -
4.5KContributed ArticleCulture Audits: Removing the Blindfold
To avoid individual liability, leaders along all Three Lines of Defence must identify indicators of non-financial risk that permit “upstream” interventions, say Stephen Scott and Mark Cooke.
August 3, 2020 -
683Australia & NZReserve Bank of New Zealand Bill Introduced in Parliament
The Bill focuses on reforming RBNZ’s overall institutional, governance, accountability, and funding arrangements, effectively updating 30-year-old legislation.
July 30, 2020 -
832Asia-PacificBSEC Needs to Step Up Its Game, say Market Participants
BSEC is working to speed up the IPO process and barriers to listing, amid calls for more diversified products and better transparency and governance in the capital market.
July 26, 2020 -
716Australia & NZAPRA Urges Super Licencees to Simplify, Consolidate Products
This level of choice in the super industry may work against competition, overwhelming members with the more than 40,000 available options, says APRA's Helen Rowell.
July 24, 2020 -
927Securities / DerivativesSingapore: ACRA Proposes Amendments to Companies Act
An ACRA working group recommends reforms to facilitate digitalisation, review financial reporting requirements, and safeguard shareholders’ interests, among other proposals.
July 22, 2020 -
869AML / KYCWestpac Unveils Change Programme to Fix Risk Culture
Westpac says aspects of its nonfinancial risk culture are “immature and reactive”, and that the bank is “overly complex”, resulting in unclear accountabilities and challenges in execution.
July 20, 2020 -
913FeatureHKMA Proposes New Code of Practice for Banks’ Trust Companies
The HKMA is looking to address a lack of conduct requirements for trust businesses used by banks and their subsidiaries for wealth management purposes.
July 13, 2020 -
1.5KESG / Sustainability
HKMA Offers Guidance for Banks on Climate Risk Practices
The HKMA has published its observations on the approaches used by major banks to manage climate risk, as guidance for the banking sector as a whole.
July 8, 2020
