All posts tagged "FAR"
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122Australia & NZAPRA Targets Risk Culture in Superannuation Sector
APRA is piloting a risk culture survey with plans to roll it out to a number of superannuation entities in 2022.
June 1, 2021 -
3.0KAustralia & NZBEAR Has Brought Desired Culture Changes at Banks: Research
New research from Macquarie University has found that the BEAR has changed behaviour and culture at banks for the better.
February 19, 2021 -
915EuropeBovill Research Calls into Question Efficacy of FCA’s SMCR
The FCA’s experience with SMCR could inform senior management regimes in other jurisdictions such as Singapore, Australia and Hong Kong.
October 28, 2020 -
602Australia & NZ
APRA Announces New Commencement Dates for Prudential Standards
The new commencement dates relate to initial margin requirements and APRA's prudential standards on information security, credit risk management and related entity exposures.
April 16, 2020 -
680IndiaIndia Further Opens Bond Market to Non-resident Investors
The RBI has fully opened certain categories of government securities to non-resident investors and raised the FPI limit for investment in corporate bonds.
April 2, 2020 -
2.3KContributed 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 -
544Australia & NZAustralia: ‘Perfect Storm’ of Regulatory Change Squeezing Smaller Banks
The Customer Owned Banking Association is calling for the government to reassess the approaching wave of banking regulation, as record low interest rates squeeze margins.
March 10, 2020 -
468Australia & NZAustralia: FAR Extension Out of Step with Royal Commission Proposals
The proposed extension of the Financial Accountability Regime to ASIC-regulated firms could potentially affect 53,000 small businesses, says former ASIC official Pamela Hanrahan.
March 5, 2020 -
666Australia & NZAustralia: Preparing for the Financial Accountability Regime
An essential first step to prepare for the FAR is for organisations to clarify internal lines of accountability, says APRA's Helen Rowell.
February 21, 2020 -
502Australia & NZBanks Against Penalties Proposed in New Accountability Regime
Australia's new Financial Accountability Regime will subject accountable persons to penalties up to A$1.05mn per breach, or three times the benefit derived or detriment avoided, whichever is higher.
February 7, 2020
