New draft rules are aimed at strengthening safeguards to ensure the delivery of better outcomes for consumers of insurance/takaful products.
September 5, 2021Advisers will have to provide customers with suitable product options from at least three different providers when recommending insurance or takaful products.
August 16, 2021Payment system operators may not outsource core management functions such as risk management, internal audit and KYC compliance.
August 5, 2021Australian Military Bank is required to conduct a risk assessment, and then work to improve its KYC, transaction monitoring, EDD, and reporting systems.
May 6, 2021This guidance provides the baseline-level of cyber resilience recommendations as well as recommendations for enhanced-level practices.
April 29, 2021Banks will have until 1 October 2021 to comply with new rules capping the tenure of top executives at 15 years.
April 29, 2021The 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, 2020The 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, 2020Among the new requirements introduced for insurers is an obligation to ensure that any charge or expense allocated to the Par Fund is "fair and reasonable".
February 7, 2020The new code comes into effect on 12 January, and gives public companies and registered issuers 6 months to submit a new manual on corporate governance.
January 10, 2020