All posts tagged "Governance"
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640EnforcementMirae Chairman Steps Back from Management Amid Antitrust Probe
Park Hyeon-joo will head up the group’s global investment strategy even as the firm is under investigation for unfair trading practices.
May 28, 2018 -
607SingaporeSingapore Consults on Rule Changes for Market Operators
MAS launched two consultations to change its market operator regime and its product notification regime; changes made to support new business models in financial services.
May 24, 2018 -
566Big PictureFitch Downgrades HK Banks due to China Exposure
Fitch Ratings cut its assessment of Hong Kong banks’ operating environment from A+/negative to A/stable because of growing influence of Chinese economy on the industry.
May 16, 2018 -
616AML / KYCFSB Asia Members Consider Financial System Vulnerabilities
Members discussed bank resolution regimes, the use of tech to mitigate AML/CTF risk, governance frameworks to reduce misconduct.
May 13, 2018 -
538Enforcement
FSB Issues Recommendations on Compensation Data Reporting
Proposed data sets include questions for determining whether governance processes appropriately use compensation and incentive systems to promote good conduct, remediate undesirable conduct and support identification of emerging misconduct risk.
May 8, 2018 -
530Asia-PacificPhilippines to Implement New Credit Card Law
New law aims to increase competition by allowing non-bank entities to enter credit card business; includes greater safeguards for borrowers related to calculation of charges, unfair collection practices, and the use of customer data.
May 7, 2018 -
716Australia & NZCBA Ordered to Boost Capital Until Governance Improves
Prudential inquiry reveals widespread complacency, inadequate risk management, unclear executive level accountabilities, among other failings at the bank.
May 3, 2018 -
669Capital / LiquidityPBOC Announces Stricter Asset Management Rules
New rules include leverage limits, a ban on implicit guarantees, risk reserve provisioning amounting to 10% of management fees; transition period for full compliance to last until end-2020.
May 3, 2018 -
2.4KAML / KYCRegulation in the Age of Cryptocurrencies
Blockchain technology is ushering in a new epoch of monetary oversight, creating opportunities and challenges for regulators in a world disrupted by the advent of cryptocurrencies.
May 3, 2018 -
891ChinaAmerican Express Set to Enter China Market
Amex application to operate in China through a joint venture with domestic mobile-payment provider Lianlian has reportedly been accepted by PBOC.
April 30, 2018
