All posts tagged "Governance"
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309Hong KongSFC Proposes New Requirements for Fund Managers on Climate Risk
The proposed requirements for fund managers cover four key elements: governance, investment management, risk management and disclosure.
October 30, 2020 -
587Capital RegulationPBOC Issues Draft Law Aimed at Modernising Central Bank System
The draft law expands the PBOC's role in preventing financial risks, assigns it responsibilities to society, and provides a legal basis for its CBDC, among other changes.
October 28, 2020 -
382Australia & NZASIC Deputy Chair Crennan Resigns Amid Expense Probe
The probe relates to almost A$200,000 in payments that were made on behalf of Chairman James Shipton and to Deputy Chair Daniel Crennan that may have exceeded official limits.
October 27, 2020 -
547ChinaCBIRC Issues Raft of Penalties Over Illegal Loans at Banks
China Construction Bank was fined, while senior executives and responsible personnel at Shanghai Pudong Development Bank and Guangfa Bank were punished individually.
October 21, 2020 -
439Market InfrastructureMAS Consults on New Rules for Licensed Credit Bureaus
Credit bureaus will be subject to similar technology risk management requirements and cyber security measures as required of other financial institutions in Singapore.
October 20, 2020 -
342FeatureFSB Publishes Cyber Resilience Toolkit for Financial Sector
The financial system is only as strong as its weakest link, the FSB says, encouraging the use of the final toolkit to enhance cyber incident response and recovery activities.
October 20, 2020 -
596Capital Regulation
PBOC Issues Draft Rules ‘Fully Revising’ Commercial Bank Law
The revisions will enhance governance, improve board and senior management accountability, strengthen capital and risk management requirements, and raise penalties for violations.
October 19, 2020 -
612Big PicturePBOC Rules for Conglomerates to Limit Systemic Risk: Fitch
Fitch Ratings says the new regulations for conglomerates with interests in financial services will help contain systemic risks by limiting irregular financial activities and misconduct.
October 19, 2020 -
500ChinaChina Vows to Improve Quality of Listed Companies
A new State Council guideline promotes the issuance of domestic shares to purchase overseas assets, and greater inbound investment from qualified foreign investors.
October 18, 2020 -
514Feature
FSB Sets Out Global Transition Roadmap for LIBOR Phaseout
By end-2020, firms should be in a position to offer non-LIBOR loans to customers. By 25 January, firms should adhere to the ISDA fallbacks protocol.
October 18, 2020
