All posts tagged "Conduct"
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473Australia & NZNZ FMA Files Suit Against Kiwibank for Overcharging Customers
Between September 2005 and March 2020, some 35,000 home loan customers were overcharged a total of NZD 1.1 million.
December 10, 2021 -
488ChinaChina Limits Scope of Allowed Derivatives Activities at Banks
Domestic financial institutions can only enter into cross-border OTC derivatives transactions if they are used for hedging purposes.
December 7, 2021 -
231Australia & NZTreasury Offers Recommendations to Improve AFCA’s Operations
Treasury recommends government remove the legislative requirement for authorised credit representatives to be members of AFCA.
December 6, 2021 -
479FeatureHKMA Publishes Interim Report on Front Office Incentives Review
Frontline staff with more positive perceptions of customer and conduct outcomes had incentives that emphasised both financial and non-financial factors.
November 24, 2021 -
323FeatureBNM Raises Expectations of Good Conduct in Wholesale Markets
The board and management must ensure good conduct culture is embedded and governance structures "inculcate fair and ethical decision making".
November 15, 2021 -
555FeatureMAS Raises Corporate Governance Expectations for FIs
New expectations on corporate governance will start to take effect from 1 January 2022, MAS says in its consultation response.
November 12, 2021 -
369FeatureHKMA Issues New Code of Practice for Banks’ Trust Business
Locally incorporated AIs should ensure their trust subsidiaries comply with the code of practice. Supervisory action may be taken for noncompliance.
November 8, 2021 -
220Australia & NZAustralia Tables Final Tranche of Royal Commission-related Bills
Legislation was introduced to establish the FAR and CSLR. Separate bills were introduced to improve the superannuation system and outcomes for litigation funding participants.
November 6, 2021 -
203Australia & NZAPRA Finalises Expectations on Negative Rate Preparedness
ADIs have until 31 July 2022 to develop tactical solutions to implement zero and negative market interest rates and cash rate.
October 31, 2021 -
413FeatureSFC Finalises Conduct Rules for Bookbuilding, Placing Activities
New requirements on bookbuilding, pricing, allocation and placing activities will take effect in August 2022, the SFC said.
October 31, 2021
