All posts tagged "Governance"

IOSCO Drafts Guidance on Supervising AI/ML in Financial Markets

IOSCO proposes six measures to assist members in creating appropriate regulatory frameworks to supervise market intermediaries and asset managers that use AI and ML.

MAS Consults on Environmental Risk Management Guidelines for FIs

The guidelines set out MAS’ supervisory expectations for banks, insurers and asset managers in their governance, risk management, and disclosure of environmental risk.

FMSB Issues Statement of Good Practice on Algo Trading

The FICC Markets Standards Board sets out 10 Good Practice Statements for market participants and venue operators engaged in algorithmic trading in a new transparency draft.

HSBC’s Historical and Regulatory Dilemma Exposed

Financial markets are still reeling from the regulatory implications of HSBC’s support for China’s national security law in Hong Kong, says Peter Guy.

HKMA to Select Managers for New Growth Portfolio by H2 – Report

The sovereign growth portfolio will invest in Hong Kong-specific projects, aimed at lifting the city’s competitiveness in financial services, commerce, aviation, logistics and innovation.

RBI Reassesses Ownership, Control, Governance at Private Sector Banks

The RBI has released a discussion paper proposing reforms to improve bank governance, and has formed a working group to review rules on private sector bank ownership and control.

ASIC Issues Guidance on Listed Company Executive Pay Decisions

The high-level guidance set out specific factors boards and remuneration committees should consider when exercising discretion on executive variable pay in the current environment.

Australia Considers Consolidation of Payment Infrastructures

Credit Risk a Growing Threat in Hong Kong: Mazars

Banks need to be more agile in incorporating in their ECL model all latest reasonable and supportable information, including that which is forward-looking, says Pierre Latrobe.

Thailand: Parliament Approves $60b Covid-19 Aid Package

The 1.9tr baht aid package includes additional liquidity for banks to lend to SMEs, and a corporate bond stabilisation fund to provide bridge financing to issuers.