New research from Macquarie University has found that the BEAR has changed behaviour and culture at banks for the better.
February 19, 2021Banks are expected to work to strengthen their risk controls, particularly around wealth management to avoid penalties and preserve their corporate governance rankings.
December 18, 2020The high-level guidance set out specific factors boards and remuneration committees should consider when exercising discretion on executive variable pay in the current environment.
June 14, 2020HKMA executive director Alan Au says banks generally agree with the need to foster sound bank culture and have been implementing a range of culture enhancement initiatives.
January 16, 2020The BSP has released guidelines for the establishment of Islamic banks and Islamic banking units in the Philippines, along with a newly-approved Shari’ah governance framework.
January 6, 2020The revised prudential standard on credit risk management will come into effect from 1 January 2021, six months later than was proposed in a March consultation.
December 13, 2019The HKIFA is advocating for fund documents to only be delivered to investors digitally by default, increased use of cloud for record keeping, and greater alignment with international standards.
August 2, 2019The revised prudential standard enhances board oversight of credit risk and requires more intensive credit checks on borrowers. APRA also highlights the risks of P2P originated loans.
March 26, 2019Chief compliance officer must be full-time, boards given overarching responsibility; foreign banks must translate all documents into English.
August 28, 2017