All posts tagged "Governance"
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647EnforcementSFC Lifts UBS Underwriting Suspension Two Months Early
The SFC is satisfied that UBS has adequate and effective systems, controls, policies and procedures to enable compliance with all requirements in relation to its sponsor business.
January 14, 2020 -
679IndiaRBI Imposes Restrictions on Another Cooperative Bank
Sri Guru Raghavendra Sahakara Bank is not allowed to grant or renew loans and advances, make investments, borrow funds or accept fresh deposits.
January 14, 2020 -
1.1KAsia-PacificSri Lanka to Enact New Banking Act in 2021
The new Banking Act will streamline the licensing process, branch approvals, and adopt a proportionality framework for banking regulations, among other changes.
January 10, 2020 -
816Asia-PacificPhilippine SEC Issues New Corporate Governance Code
The new code comes into effect on 12 January, and gives public companies and registered issuers 6 months to submit a new manual on corporate governance.
January 10, 2020 -
693ChinaCBIRC Proposes New Rules to Cleanse Financial Leasing Sector
Of over 10,000 financial leasing companies in China at the end of June, more than 70% have either halted, are shell companies, or are mired in crisis.
January 10, 2020 -
754Capital / Liquidity
RBI Introduces Supervisory Action Framework for Troubled UCBs
Under the framework, the RBI will monitor UCBs' asset quality, profitability and capital, and initiate supervisory action when specific thresholds are breached.
January 10, 2020 -
512ChinaCSRC Issues Administrative Penalty Against Chinalin Securities
Chinalin Securities is prohibited from expanding the scale of its business for three months for violating regulations on internal controls, compliance inspections and governance failures.
January 8, 2020 -
581Asia-PacificBSP Revises Disqualification Rules for Bank Directors, Officers
Bankers can be disqualified and placed on a watchlist for causing undue injury, material loss or damage to a bank, or for exposing it to higher risk or danger.
January 7, 2020 -
644Asia-PacificPhilippines Approves Introductory Rules for Islamic Banking
The BSP has released guidelines for the establishment of Islamic banks and Islamic banking units in the Philippines, along with a newly-approved Shari’ah governance framework.
January 6, 2020 -
1.6KAML / KYC
CBIRC Tightens Scrutiny of AML/CTF Programmes at Banks, Insurers
Banks and insurers are required to submit annual reports on their AML/CTF programmes within 20 working days after the end of each year. For 2019, the reports should be submitted by 15 February 2020.
January 6, 2020
