All posts tagged "Board"
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586Australia & 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 -
242Asia-PacificBSP 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 -
1.2KMalaysiaBNM 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 -
338Malaysia
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 -
198IndiaRBI 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 -
683AML / 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 -
193Australia & 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 -
288India
RBI Issues New Rules for Senior Bank Executives, Board Members
Banks will have until 1 October 2021 to comply with new rules capping the tenure of top executives at 15 years.
April 29, 2021 -
1.0KAustralia & NZ
RBNZ Consults on Draft Guidance on Cyber Resilience
The guidance aims to raise awareness of, and ultimately promote, the cyber resilience of the financial sector, especially at the board and senior management level.
October 20, 2020 -
657FeatureFSB Publishes Cyber Resilience Toolkit for Financial Sector
The financial system is only as strong as its weakest link, the FSB says, encouraging the use of the final toolkit to enhance cyber incident response and recovery activities.
October 20, 2020
