All posts tagged "compensation"
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676Capital RegulationS. Korea Advances OTC Derivatives Reforms
Cabinet-approved legislative revisions will introduce an OTC derivatives reporting requirement, a licensing system for trade repositories, and penalties for circumventing margin rules.
July 3, 2020 -
370Australia & NZAustralia: Banks Work Towards Swift Resolution of Advice Failures
Larger than required remediation payments could be fast-tracked for all clients by forgoing the years of work needed to locate advice files and calculate individual payments.
June 22, 2020 -
407Australia & NZNew Zealand FMA Files High Court Proceedings Against ANZ
ANZ issued over 300 duplicate credit card repayment insurance policies, charging double premiums for no additional cover, and failed to cancel policies for over 400 ineligible customers.
June 8, 2020 -
444KoreaWoori, Shinhan to Pay Compensation on Lime Asset Losses
Woori and Shinhan will pay about 50% of principal invested in three suspended Lime funds, preemptively, while the FSS decides on a final compensation ratio.
June 8, 2020 -
785ChinaCBIRC Issues Rules for Banks on Handling of Criminal Cases
The CBIRC has set out banks and insurers' obligations when handling criminal cases that arise, including duties to investigate, issue reports, determine accountability and hand out punishments.
June 4, 2020 -
722Asia-PacificSri Lanka Central Bank Bans Dividends, Share Buybacks at Banks
Foreign banks are prohibited from repatriating profits. LCR and NSFR requirements have been reduced to 90%. Banks are told to refrain from non-essential expenditures.
May 15, 2020 -
475Big PictureAll Firms Are Taking Steps to Align Compensation With Risk: FSB
Banks, insurers and asset managers are increasingly making use of non-financial metrics and better data to assess compensation policy effectiveness and align compensation with risk.
May 13, 2020 -
519EnforcementHong Kong: Investors Seek Compensation for Failed IPOs – Report
The SFC has issued almost HK$1bn in penalties for IPO sponsor failures over 20 years. These proceeds have gone to the government, not investors.
May 11, 2020 -
550KoreaKorea: KDB Can Intervene in Bailed-out Companies to Prevent Value Loss
Under the latest revisions, Korea Development Bank may exercise its voting rights in bailed-out companies for decisions that may impact shareholder value or when restructuring is required.
May 10, 2020 -
430FeatureS. Korea Finalises Risk Management Rules for Private Equity Funds
Private equity funds will have to undergo regular audits, adopt new valuation guidelines, conduct regular liquidity stress tests, and cap leverage at 400% of assets, among other measures.
April 27, 2020
