All posts tagged "Governance"
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209AML / KYCLessons Learned From APAC’s Landmark Year of AML Fines
Drawing from landmark penalties in 2020, FINTRAIL’s Payal Patel and Sara Abbasi identify key lessons to help financial institutions guard against financial crime.
January 20, 2021 -
96ChinaPBOC, CBIRC Restrict Online Sale of Deposit Products by Banks
The PBOC and CBIRC have formally barred banks from selling personal fixed deposit products online via third party platforms, citing regulatory violations.
January 19, 2021 -
261Market InfrastructureMAS Raises Expectations on Technology Risk Management
The revised guidelines set out higher expectations for FIs in technology risk management, including for assessments of third-party suppliers.
January 19, 2021 -
105ChinaCBIRC To Supervise Insurance AMCs Based On Regulatory Ratings
The proposed regulatory rating system will be tested from 13 January until end-2021, following which full implementation will occur starting 1 January 2022.
January 19, 2021 -
253Featured ArticlesAsia Has an Opportunity to Demonstrate Global RegTech Leadership
Hong Kong, Singapore and Tokyo each have an opportunity to demonstrate global leadership in the regtech sector, according to a panel of experts hosted by the Asia Society's Hong Kong Center.
January 18, 2021 -
81China
CBIRC Sets Out New Rating System for Consumer Credit Sector
Consumer finance firms with the lowest ratings will be ordered to submit to a merger, acquisition, reorganisation, or to withdraw from the market.
January 17, 2021 -
189FeatureKorea to Require ESG Disclosures from Listed Companies
Large companies will have to disclose ESG information from 2025. This will expand to all KOSPI-listed companies from 2030.
January 15, 2021 -
105ChinaNew Rules for Private Equity Funds Take Effect in China
The rules prohibit the use of private equity funds as vehicles for public fundraising, explicitly allowing them to only be offered to qualified investors.
January 14, 2021 -
134InternationalGroup of Five Urges Adoption of Sustainability Reporting Prototype
The harmonised global sustainability reporting framework offers comprehensive “running start” in standardised disclosure.
January 13, 2021 -
106Asia-PacificBSP Deploys New Supervisory Assessment Framework
SAFr aims to facilitate forward-looking assessments of financial institutions and link their systemic importance and risk profile to the level of supervisory attention they receive.
January 13, 2021
