ABS highlighted banks' efforts to improve complaints handling, tackle digital scams, and enhance accountability, conduct and culture.
April 26, 2022An optical storage equipment supplier is being investigated for failing to disclose that it granted loans to shareholders and other entities in exchange for pledged assets.
April 13, 2022Alan Linning and Susanne Harris explain the new requirements and offer guidance on next steps for intermediaries to prepare for compliance by August.
March 2, 2022The review’s objectives are to assess intermediaries’ compliance with requirements to perform product due diligence, conduct suitability assessments and provide information to clients.
March 2, 2022The PRA said StanChart's internal controls and governance arrangements underpinning its regulatory reporting were not implemented or operating effectively.
December 24, 2021Intermediaries have been required to undertake remedial action to address non-compliance with transaction-related disclosure requirements.
October 30, 2021IOSCO members are encouraged to consider six measures carefully in the context of their legal and regulatory frameworks.
September 8, 2021The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.
July 27, 2021Independent expert did not identify any deficiencies in the adequacy and effectiveness of SocGen's client money controls.
June 27, 2021Next Bank is one of the three internet-only banks that was issued a licence by the FSC in 2019. The bank has yet to launch operations.
April 23, 2021