APRA has removed the A$500mn capital add-on it imposed on NAB in 2019 to reflect higher operational risk identified in its risk governance self-assessment.
March 14, 2024New Starling Insights report argues says regulators suffer from the same cultural and behavioral ills that trouble the firms they oversee.
February 20, 2024Sompo Japan Insurance is required to draw up an improvement plan including steps to change its corporate culture, enhance customer protection, and improve governance.
January 29, 2024The FSC has directed the local banking association to develop a responsibility mapping system by 1 January 2025, based on the UK Senior Managers Regime.
January 24, 2024The new rules will come into effect on 1 July 2024, with a one-year transition period for implementation.
January 1, 2024The insurers coordinated with each other when negotiating contracts with corporate customers on insurance premiums, affecting more than 570 policyholders.
December 27, 2023The revised guidance includes new expectations on manpower planning and staff training to ensure banks can fill their talent gaps.
December 19, 2023AUSTRAC will scrutinise the banking, gambling and remittance sectors, as well as crypto firms, payment platforms and non-bank lenders.
December 13, 2023Resorts World Sentosa did not perform customer due diligence checks and identity verification when receiving cash from third party depositors.
December 11, 2023BCBS report suggests supervisors should consider more forceful measures to incentivise compliance with the principles for effective risk data aggregation and reporting.
November 29, 2023