The BOK and FSS will create climate scenarios in H1 which 15 financial firms will have to use in stress tests in H2.
March 28, 2024Banks and insurers must establish a "data security responsibility system", and designate a centralised management department to be responsible for data security.
March 26, 2024The platform will help improve efficiency, enhance service quality, and standardise complaints management processes at banks and insurers.
March 23, 2024The legislation covers revised qualifications for actuaries and the fees and levies payable to the IA. The new regime will commence from 1 July 2024.
March 23, 2024The consultation addresses issues relating to corporate governance, risk management and internal controls, valuation, investment policy and enterprise risk management.
March 23, 2024The updated guidelines will apply in a "risk proportionate manner" and ensure that customers are treated fairly, said MAS' Ho Hern Shin.
March 19, 2024On top of guidance for banks, APRA and ASIC issued a consultation on FAR implementation for insurance and superannuation entities.
March 15, 2024APRA has removed the A$500mn capital add-on it imposed on NAB in 2019 to reflect higher operational risk identified in its risk governance self-assessment.
March 14, 2024Vanke has been one of the few remaining Chinese property developers rated investment-grade by international rating agencies, until now.
March 12, 2024Cathay Life Insurance has already announced it will establish an SPV in Singapore to issue bonds, which would make it the first to take advantage of the revision.
March 8, 2024