All posts tagged "Audits"
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208FeatureKorea: New FSC Administration Sets Out Policy Agenda
The agenda sets out measures to ensure financial stability, encourage digital transformation, improve the capital markets, and introduce new regulations for digital assets.
August 12, 2022 -
335AML / KYCKorea FSS Completes Woori Bank Embezzlement Inspection
The inspection found that the amount embezzled was more than originally reported, and the Woori had insufficient internal controls in place.
August 3, 2022 -
299EnforcementUK FRC Scrutinises Audit Firms’ Exam Cheating Controls
The UK Financial Reporting Council asked 7 audit firms to detail the controls that are in place to prevent and detect cheating in professional exams.
July 25, 2022 -
563Contributed ArticleHow the UK Intends to Reform Data Protection Law
Nick Westbrook outlines the most significant areas of reform to the UK GDPR since it came into force in May 2018.
July 15, 2022 -
773Market InfrastructureMAS Finalises Revisions to BCM Guidelines for FIs
FIs have until 6 June 2023 to meet the requirements of the revised guidelines, and until 6 June 2024 to conduct their first BCM audit.
June 7, 2022 -
465Crypto / Digital AssetsSEC Thailand Proposes Stricter IT Security Rules for Capital Market
The revised rules apply to securities and derivatives businesses, digital asset operators, clearinghouses, depositories, exchanges, digital token platforms, and crowdfunding platforms.
May 12, 2022 -
818FeatureHKMA Issues Regtech Guide on Adopting AI-based Solutions
The guide highlights the need for banks to establish proper data and AI governance frameworks, and maintain continuous control over AI-based solutions post-implementation.
May 2, 2022 -
567Asia-PacificControls at Vietnam Banks to Be Subject to Independent Audit
Internal control systems at credit institutions and foreign bank branches in Vietnam will be subject to independent auditing, according to a new circular.
April 13, 2022 -
481TaiwanTaiwan FSC Identifies Failures by FIs to Rein In Real Estate Credit
Two banks and two bill finance companies have not been compliant with regulations aimed at limited credit flows to the real estate sector.
March 28, 2022 -
1.3KChinaUS Bill Targets Private Securities Offerings by Chinese Firms
Private US securities offerings by China-based companies could become subject to the same scrutiny as publicly traded securities, says Nick Morgan.
March 15, 2022
