All posts tagged "Accountability"
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809EnforcementSingapore Raises Accountability, Conduct Standards at FIs
MAS has released guidelines on promoting individual accountability of senior managers, strengthening employee oversight, and embedding 'proper conduct' standards at financial institutions.
April 30, 2018 -
590Australia & NZAustralia Consults on ASIC Industry Funding Levy Amendments
Australia released new draft regulations to make technical amendments to the levies in the industry funding framework; consultation closes on 14 May 2018.
April 26, 2018 -
643EnforcementFSB Publishes Toolkit on Combatting Misconduct
Toolkit offers options on standards and codes of behavior, measures related to wholesale market conduct, guidance on compensation, and tools for strengthening governance.
April 24, 2018 -
518Australia & NZ‘Significant’ Governance Progress from Australian Banks – McPhee Report
Key initiatives introduced at banks include customer advocacy programmes, whistleblower protection policies and conduct background checks to stamp out staff with poor behaviour records.
April 20, 2018 -
656AML / KYCJapan Proposes Regulatory Framework to Legalise ICOs
Government-backed research group proposes rules for identifying investors, preventing money laundering and protecting equity and debt holders.
April 9, 2018 -
453Australia & NZExecutive Remuneration Practices Need Improvement – APRA
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.
April 5, 2018 -
1.3KAsia-PacificMalaysia Eyes Senior Managers Regime
BNM proposals resemble Hong Kong’s MiC regime in setting out key responsibilities and requiring appointment and naming of responsible individuals.
February 25, 2018 -
Asia-Pacific
Asia Pacific FIs Enter New Era of Accountability
Australian bankers rail against short deadline for comments on BEAR, which mirrors Hong Kong’s recently introduced MiC.
September 28, 2017 -
Australia & NZ
ASIC Eyes Accountability for Algorithmic System Operators
Regulator’s chairman says each algorithmic system must have designated individual responsible for design and outcomes, echoing new bank accountability regime.
September 11, 2017
