All posts tagged "Culture"
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407Australia & NZRBNZ to Adopt More Intensive Supervisory Approach to Banking
The RBNZ's financial stability report says it will bolster bank resilience with higher capital requirements and a “more intensive supervisory approach“.
November 28, 2019 -
296Australia & NZAPRA’s New Approach to Managing Non-Financial Risks
APRA has published a new information paper setting out a tougher approach to lifting standards of governance, culture, remuneration and accountability across the financial industry.
November 20, 2019 -
415MalaysiaMalaysia Mandates Fair Treatment of Financial Consumers
A new BNM policy document sets out expectations for financial firms to prioritise the interests of financial consumers and effectively manage conduct risks.
November 11, 2019 -
376Australia & NZAnnual Report Shows FMA Exceeded Litigation Budget by 50pc
The government has approved a three-fold increase in the FMA’s litigation fund to NZ$6mn for the 2019/2020 year, a day before the annual report was released.
November 4, 2019 -
211Australia & NZ
APRA Seeks More Funding to Address Capability Review Findings
In his opening statement to a Senate estimates hearing this week, APRA chairman Wayne Byres said the regulator will need additional resourcing to deliver on its objectives.
October 25, 2019 -
278Australia & NZ
RBNZ, FMA Unimpressed by Insurers’ Inaction on Conduct Risk
RBNZ governor Adrian Orr says the sector has failed to demonstrate the necessary urgency and prioritisation to provide effective governance and monitoring of conduct risk.
September 18, 2019 -
443Australia & NZASIC Issues Second Update on Response to Royal Commission
Of 105 investigations and court actions underway against financial institutions at the end of July, 86 related to the big four banks and AMP.
September 13, 2019 -
322Asia-PacificBSP Revises Rules to ‘Institutionalise’ Consumer Protection at Banks
The BSP has revised its financial consumer protection framework to ensure banks conduct their business ethically and refrain from practices that may cause harm to consumers.
September 12, 2019 -
483Australia & NZ
APRA to Improve Capabilities to Combat Non-Financial Risks
In its four-year corporate plan, APRA identifies four areas of strategic focus, including to improve cyber-resilience and governance standards in the financial sector.
August 30, 2019 -
345MalaysiaBNM Raises Culture Bar for Development Financial Institutions
DFIs should firmly ground their business models on strong governance and a culture of professional management, said BNM governor Nor Shamsiah Yunus.
August 26, 2019
