All posts tagged "Culture"
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453FeatureHKMA Publishes Findings from Bank Culture Reform Initiative
As a next step, the HKMA will conduct more focused reviews on retail banks' front office in relation to the distribution of banking, investment and insurance products.
May 24, 2020 -
380Big 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 -
1.2KBig PictureRegulatory Initiatives to Address Culture & Conduct Risk in Banking
In its latest annual Compendium, Starling draws on survey findings and commentary from regulators to identify ten culture and conduct trends in the banking sector.
May 11, 2020 -
1.4KContributed ArticleA Focus on Governance, Stewardship, and Engagement
Boards must prioritise and assess culture as a strategic asset, and develop an appreciation for how it may lead to behaviour with material consequences, says Siew Kai Choy.
April 21, 2020 -
588Australia & NZRBNZ Working with ANZ NZ to Improve Model Compliance
The latest section 95 report identifies that 17 wholesale credit models and the operational risk capital model approach currently in use at ANZ NZ are not approved by the RBNZ.
April 18, 2020 -
1.4KContributed ArticleNow More than Ever: The Need for Reliable Conduct Risk Metrics
The demands being imposed on the global banking system highlight the Achilles Heel of nonfinancial risk management and, particularly, misconduct risk, says Stephen Scott at Starling.
March 21, 2020 -
418Australia & NZNew Zealand Takes Step Towards New Financial Conduct Regime
New legislation to establish an effective fair conduct regime for the financial sector has passed its first reading in New Zealand.
February 19, 2020 -
1.2KMarket InfrastructureMAS Issues Guidance on Investment Suitability, Pricing in Private Banking
MAS looks to private banks’ boards and senior management to ensure the effectiveness of policies, processes, controls and systems in sales and advisory practices, and to shape the staff behaviour.
February 17, 2020 -
347Australia & NZNew Zealand Consults on Options to Increase FMA Funding
Under the base case, the FMA needs an additional NZ$20mn in annual funding to respond to cost pressures brought on, in part, by the new financial advice regime.
February 3, 2020 -
392Australia & NZAPRA Publishes Strategic Priorities for the Year Ahead
Chairman Wayne Byres says publishing APRA's policy and supervision priorities supports the regulator's commitment to greater transparency and accountability.
January 31, 2020
