All posts tagged "Accountability"
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328ChinaCBIRC Issues New Guidelines on Reputational Risk Management
The guidelines set out four principles for all CBIRC-regulated financial institutions to incorporate in their reputation risk management systems.
February 25, 2021 -
14.0KAustralia & NZBEAR Has Brought Desired Culture Changes at Banks: Research
New research from Macquarie University has found that the BEAR has changed behaviour and culture at banks for the better.
February 19, 2021 -
340Australia & NZAustralia Super Industry Calls for Better Cybersecurity Standards
The industry is overwhelmingly in favour of introducing baseline cybersecurity standards and improving the regulatory framework to address industry-specific risks.
February 17, 2021 -
14.5KHong KongHKMA Raises Expectations for Bank Codes of Conduct
Codes of Conduct should include provisions to address conflicts of interest, promote a culture of accountability and encourage staff to report unethical practices.
February 15, 2021 -
316Capital Regulation
China to Implement Revised Solvency Regulations for Insurers
The revisions refine the existing ‘three-pillar’ framework in the areas of capital requirements, solvency measurement and methods of resolution.
February 10, 2021 -
361FeatureSFC Sets Out Conduct Standards Expected in Capital Raisings
The proposals establish the standards of conduct expected of intermediaries participating in bookbuilding, pricing, allocation and placing activities.
February 9, 2021 -
1.3KFeatureSingapore: Enhanced Personal Data Protection Act Takes Effect
The enhanced PDPA introduces mandatory data breach notification, criminal penalties for mishandling data, and a higher cap on penalties for breaches by large organisations.
February 8, 2021 -
209China
CBIRC Probes Banks for Illegal Flows of Loan Funds into Real Estate
The CBIRC's Beijing and Shanghai bureaus have asked banks to review loans granted since mid-2020 to identify illegal inflows of credit funds into the real estate sector.
February 5, 2021 -
318Fintech / RegtechOECD Paper Identifies Regulatory Issues in Asset Tokenisation
As markets for tokenised assets develop and grow in size, so too will the need to safeguard investors, consumers and financial stability.
January 27, 2021 -
16.8KAML / KYCFinancial Crime 2021: Digital ID, Due Diligence, Sanctions
Last year’s financial crime landscape forced many FIs to rapidly adapt to evolving threats. In the year ahead, a continued focus on risk mitigation is prudent.
January 21, 2021
