The government proposal to stop requiring companies to reveal certain information about directors will hinder fund managers’ ability to conduct due diligence.
June 4, 2021The groups say the Philippines lags the world on bank secrecy and allows politicians and other government officials to hide unexplained wealth.
June 2, 2021The FSB proposes quantitative targets for improving cost, speed, transparency and access for cross-border wholesale payments, retail payments and remittances.
June 2, 2021APRA is piloting a risk culture survey with plans to roll it out to a number of superannuation entities in 2022.
June 1, 2021The test environment will be available from 17 June and production environment from 13 September. ADIs have to maintain BEAR information in APRA Connect from September.
May 19, 2021Financial investment businesses are required to establish internal control standards to prevent information sharing of material nonpublic information between units.
May 14, 2021Some jurisdictions have regulatory requirements for critical systems of trading venues that do not extend to outsourced functions.
May 8, 2021The Treasury is proposing that proxy advisers be required to obtain an AFS License, among other requirements aimed at increasing transparency.
May 5, 2021The document introduces a progressive system of transition categories to acknowledge concrete efforts and commitments by businesses to adopt sustainable practices.
May 3, 2021APRA is piloting a risk culture survey, independent cyber security reviews, and a new data collection exercise on technology and cyber risks.
May 3, 2021