All posts tagged "Board"
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290MalaysiaMalaysia SC to Review Rules for Credit Rating Agencies
The SC plans to make it a requirement for the majority of board members and the rating committee to be independent.
June 14, 2022 -
391Australia & NZAPRA Orders Super Trustee to Improve Governance
APRA said the direction was necessary to ensure NESS Super Pty Ltd expedites the appointment of an additional independent director.
May 16, 2022 -
270PhilippinesBSP Allows Trust Companies to Outsource Internal Audit Function
The BSP says trust companies can use the internal audit function of a parent bank or NBFI, or outsource internal audit activities to an external firm.
April 4, 2022 -
713Australia & NZRBNZ Calls for Risk Governance Improvements at Westpac NZ
An independent report found issues were acknowledged by the board for several years but they were not given due attention or effective remediation.
November 26, 2021 -
336Asia-Pacific
BSP Issues Governance Policy for Operators of Payment Systems
Payment system operators including banks and electronic money issuers have six months to comply with the requirements.
September 22, 2021 -
1.9KMalaysiaBNM to Raise Standards for Bank Sales of Insurance, Takaful Products
New draft rules are aimed at strengthening safeguards to ensure the delivery of better outcomes for consumers of insurance/takaful products.
September 5, 2021 -
390Malaysia
BNM Amends Rules on Managing Financial Adviser Conduct
Advisers will have to provide customers with suitable product options from at least three different providers when recommending insurance or takaful products.
August 16, 2021 -
252IndiaRBI Issues Outsourcing Framework for Payment System Operators
Payment system operators may not outsource core management functions such as risk management, internal audit and KYC compliance.
August 5, 2021 -
844AML / KYCAUSTRAC Orders Mutual Bank to Uplift AML Compliance
Australian Military Bank is required to conduct a risk assessment, and then work to improve its KYC, transaction monitoring, EDD, and reporting systems.
May 6, 2021 -
234Australia & NZRBNZ Releases Final Guidance on Developing Cyber Resilience
This guidance provides the baseline-level of cyber resilience recommendations as well as recommendations for enhanced-level practices.
April 29, 2021
