The cap, which limits bonuses to twice basic salary, was introduced in the EU in 2014 to curb excessive risk-taking.
September 27, 2022Central to success is a high level of commitment to a “digital first” strategy, both from the regulatory community and the wider industry.
September 25, 2022The final phase of UMR implementation brought into scope approximately 800 firms, including many more buy-side firms than in previous phases.
September 6, 2022ASIC’s Alex Orgaz-Barnier says APAC regulators are targeting a common implementation date and alignment to the greatest extent possible.
May 11, 2022A draft work plan for the new Data Gaps Initiative, which seeks to improve the availability of data for policymaking, focuses on four topics including climate change.
March 1, 2022The debt surge has amplified vulnerabilities and constrained the ability of governments and the private sector to support the recovery.
December 21, 2021Deputy governor Jon Cunliffe says a “plausible scenario” involving a collapse in crypto-asset prices would have financial stability implications.
October 19, 2021A new international cooperation initiative on data gaps will be needed after the DGI concludes. Some phase 2 recommendations may not yet be complete by year-end.
October 8, 2021The hardship relief will make it easier for responsible entities of frozen funds to enable withdrawals by investors suffering hardship, says ASIC's Karen Chester.
August 27, 2020Bank Indonesia abandoned the practice of quantitative easing in 1999 to ensure fiscal discipline in the aftermath of the Asian financial crisis.
June 22, 2020