All posts tagged "Governance"
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886AML / KYCWestpac Unveils Change Programme to Fix Risk Culture
Westpac says aspects of its nonfinancial risk culture are “immature and reactive”, and that the bank is “overly complex”, resulting in unclear accountabilities and challenges in execution.
July 20, 2020 -
655Capital / LiquidityCBIRC Approves State-backed Bailout of Bank of Gansu
The CBIRC has approved the issuance of new shares to help Bank of Gansu raise its core tier 1 capital. Four state-owned companies will subscribe to the new shares.
July 19, 2020 -
733ChinaCSRC Issues New Classification Regulations for Securities Firms
The new regulations maintain the overall framework of the regulatory system of classification and focus on optimising the CSRC’s evaluation indexes to address practical issues.
July 15, 2020 -
2.5KAsia-PacificASIFMA Publishes IBOR Transition Guide for Asia
The guide provides an overview of issues for FIs to consider in their LIBOR transition programmes and an implementation checklist.
July 14, 2020 -
930FeatureHKMA Proposes New Code of Practice for Banks’ Trust Companies
The HKMA is looking to address a lack of conduct requirements for trust businesses used by banks and their subsidiaries for wealth management purposes.
July 13, 2020 -
1.6KAML / KYCRevised FATF Standards ‘Clearly Apply’ to Stablecoins
Stablecoins are better placed than many virtual assets to achieve mass-adoption, which makes them vulnerable to AML/CTF risk, the FATF says.
July 9, 2020 -
1.5KESG / Sustainability
HKMA Offers Guidance for Banks on Climate Risk Practices
The HKMA has published its observations on the approaches used by major banks to manage climate risk, as guidance for the banking sector as a whole.
July 8, 2020 -
680Capital / LiquidityBOE Sets Deadline for UK Firms to Embed Climate Risk
By end-2021, financial firms will have to be able to demonstrate that their approaches to managing climate-related financial risk have been implemented and embedded in their organisations.
July 7, 2020 -
2.1KContributed ArticleWhat SGX RegCo Expects of Sustainability Reporting During Covid-19
SGX RegCo's Boon Gin Tan and Michael Tang discuss the social aspects that issuers should consider describing in their sustainability reports in the context of COVID-19.
July 6, 2020 -
739SingaporeDBS Unveils Sustainable Finance Framework for Clients
The framework and taxonomy will help DBS clients transition to more sustainable business models, providing them transition financing to do so.
July 1, 2020
