All posts tagged "Governance"
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198ChinaCBIRC Proposes New Rules on Consumer Rights Protection
The proposed rules prohibit misleading sales, compulsory product bundling, unreasonable charges, and "algorithmic discrimination".
May 23, 2022 -
209Capital RegulationCBIRC Issues Rules to Standardise ECL Processes at Banks
The rules will address differences in how banks have implemented the ECL method, and prevent its use as a "tool" to adjust profits.
May 23, 2022 -
329Australia & NZAPRA Orders Super Trustee to Improve Governance
APRA said the direction was necessary to ensure NESS Super Pty Ltd expedites the appointment of an additional independent director.
May 16, 2022 -
561Fintech / RegtechIndia’s NSDL Launches Blockchain Platform for NCD Market
The new platform will record NCD creation, continuously monitor covenants and asset cover, and track credit ratings.
May 16, 2022 -
592Big PictureBank Culture Regarded as Critical Governance Priority: Report
Financial regulators are prioritising psychological safety, ‘speak up’ culture, and the ability to “predict and prevent” stakeholder harm, says a report from Starling.
May 16, 2022 -
736ChinaChina: ESG Disclosure Standards to Take Effect on 1 June
Ping An, China Mobile, Ant Group, Dagong Credit Rating as well as asset managers and energy producers helped to develop the standards.
May 14, 2022 -
739AML / KYCWolfsberg Group Offers Guidance on Adverse Media Screening
New FAQs highlight the need for FIs to understand how vendors evaluate data source reliability and the controls they have in place address unreliable sources.
May 12, 2022 -
437ChinaCSRC Proposes to Tighten Rules on Cybersecurity Management
Securities and futures firms will have to establish risk monitoring and early warning systems, and strengthen daily vulnerability scanning and security assessments.
May 6, 2022 -
413AML / KYCNAB Enters Undertaking to Uplift AML/CTF Compliance
NAB's action plan has to be completed by 31 Dec 2024, and a final report issued by Mar 2025. An independent auditor will have to report progress to AUSTRAC annually.
May 4, 2022 -
351ChinaCSRC Launches Campaign to Expand Public Funds Market
Banks, insurers, brokers and foreign FIs are urged to establish licensed fund management companies. Fund investment channels will be expanded and operational rules relaxed.
May 3, 2022
