All posts tagged "Governance"
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371ChinaCBIRC Issues New Rules for Insurers’ Asset Management Products
Insurance asset management products may not invest more than 35% of net assets in shadow banking assets, and may not invest in commercial banks' credit assets directly.
March 27, 2020 -
374EnforcementWoori Financial Chief Gets Reappointment Despite FSS Sanctions
A Seoul court has granted an injunction against FSS sanctions that would have prevented chairman Sohn Tae-seung from seeking another term at Woori Financial Group.
March 27, 2020 -
401FeatureJapan Finalises Stewardship Code Revisions
Existing signatories have six months to update their disclosures to reflect the revisions, which include expectations to incorporate sustainability considerations in investment decisions.
March 25, 2020 -
881Contributed 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 -
273AML / KYCMAS Penalises Trust Company for AML/CFT Failings
TMF Trustees Singapore was penalised SG$400,000 for failing to verify the source of wealth and monitor transactions on an ongoing basis.
March 20, 2020 -
308Market InfrastructureSingapore Steering Committee Publishes SORA Transition Roadmap
Banks aim to start active trading in SORA derivatives in the second half of the year, and SORA-based loans will launch by year-end.
March 20, 2020 -
272InternationalA Review of Post-GFC Regulatory Approaches to Bank Boards
Of the 19 jurisdictions surveyed, all prescribe 'fit and proper' criteria to assess bank board members, however some authorities have no regulatory powers to approve their appointments.
March 18, 2020 -
987Contributed ArticleSingapore Banking Heads Discuss Independent Validation Function
PwC spoke to DBS's Sia Nam Chie and OCBC's Simon Lavender about the challenges they faced setting up the independent validation function for BCBS 239 compliance.
March 17, 2020 -
798Big PictureAI’s ‘Black Box’ Issues Can Be Addressed Through Regulation
A new paper develops a regulatory roadmap for addressing the increasing role of AI in finance, focusing on human involvement to deal with ‘black box’ issues.
March 12, 2020 -
736Fintech / RegtechJapan FSA Launches Global Blockchain Governance Initiative
The initiative is in line with a G20 Osaka commitment to promote engagement between regulators and stakeholders on decentralised financial technologies.
March 11, 2020
