Supervised institutions are expected to integrate climate-related risks and considerations into their business strategies and risk management practices, BNM says.
January 2, 2020Two Japan Post Holdings subsidiaries are required to suspend insurance product sales for three months and submit business improvement plans by end-January.
December 28, 2019The FSC's Financial Examination Bureau will reportedly focus on compliance with rules on AML, corporate governance, information security, consumer protection and personal data protection.
December 26, 2019The updates are a response to the Royal Commission, which called on both regulators to reform their internal accountability frameworks to reflect requirements prescribed by BEAR.
December 25, 2019The government will progress a number of key 'in-principle' decisions of the review by enacting two separate Acts to replace the Reserve Bank of New Zealand Act 1989.
December 23, 2019The class action, filed by law firm Phi Finney McDonald, will rest on whether Westpac breached disclosure obligations or misled investors about the extent of its AML compliance failures.
December 23, 2019New requirements to have anti-corruption and whistle-blowing policies in place will promote better governance, accountability and transparency for investors.
December 20, 2019ASIC has observed improvements by a "significant number of trustees" as a result of the industry’s implementation of the Insurance in Superannuation Voluntary Code of Practice.
December 18, 2019APRA's investigation will focus on the conduct that led to Westpac's alleged 23 million AML breaches, and whether its senior managers breached the Banking Act, including the BEAR.
December 17, 2019There is significant interest among asset management firms to step up their ESG efforts and management of environmental and climate risks, an SFC survey has found.
December 17, 2019