All posts tagged "Banks"
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405Asia-PacificPhilippines Revises Framework Governing Bank Auditors
The revised framework lays out criteria for banks to select external auditors as well as key guidelines for auditors in their assessment of banks.
May 29, 2019 -
354Australia & NZASIC Raises Bar for Complaints Handling at Financial Firms
The proposals raise internal dispute resolution standards at financial firms, and introduce mandatory data reporting to help make complaints handling performance more transparent.
May 16, 2019 -
518Australia & NZAustralia Seeks Mandatory Carbon Risk Reporting by 2021
A green political party in Australia has announced a new policy that will make carbon risk reporting mandatory for banks, insurers, super funds and the largest listed companies in 2021.
May 10, 2019 -
465Capital RegulationChina’s Henan Province Has an NPL Problem – Report
Of Henan's 93 commercial banks, 42 have high levels of nonperforming loans, a dozen of which reported an NPL ratio above 20%, 'several' as high as 40%.
April 8, 2019 -
444Australia & NZAPRA to Implement New Data Reporting System in March 2020
APRA says in its initial implementation plan that entities must start ensuring their readiness for the new system now, as there is only a one year timeline for implementation.
April 3, 2019 -
2.5KContributed ArticleMAS Publishes Finalised Mandatory Trading Regulations for Derivatives
Kai Loon Loh and Patrick Phua at global law firm Ashurst sum up the key takeaways from the MAS response to consultative feedback and the now-finalised mandatory trading regulations.
March 19, 2019 -
811ChinaHKMA, PBOC Collaborate on Cross Border Financial Services – Report
As part of a plan to develop the Greater Bay Area, the HKMA and PBOC are reportedly planning to work together on the introduction of cross-border mobile payments and other financial services.
February 20, 2019 -
496IndiaRBI Eyes Holding Company Model for India’s Banks
The RBI wants banks to operate as subsidiaries of financial holding companies, with other business arms also split off into separate subsidiaries.
February 11, 2019 -
722FeatureMAS Consults on Revisions to Banking Act
Among the amendments are proposals to expand the grounds for which MAS can revoke a bank licence, and expanded circumstances for auditors to report on a bank's financial soundness.
February 8, 2019 -
2.5KFintech / Regtech
MAS Proposes New Requirements for Banks’ Outsourced Functions
The proposals will expand MAS' powers to impose requirements on banks' and merchant banks' outsourcing arrangements, regardless of where outsourced functions are performed.
February 8, 2019
