Among the key tasks in the workplan, the FSS will work to strengthen governance structures, compensation systems, and internal control capabilities of banks.
February 10, 2023The bank had no policy for handling large deposits and did not conduct an internal audit of its financial crime unit over an 8-year period, among other weaknesses.
January 13, 2023SGX RegCo said it has considered actions already taken by MAS and the interests of the market, and decided to impose additional requirements on UOBKH.
December 29, 2022Clients of regulated entities will have a free alternative dispute resolution for grievances against credit information companies.
October 8, 2022Investment bankers engaged in IPO deals are prohibited from discussing earnings estimates and valuations with analysts, to ensure their independence.
September 8, 2022Revolut is required to submit a business improvement plan by 3 October and file quarterly progress reports until implementation is complete.
September 7, 2022UOBKH failed to implement adequate controls for its corporate finance business and to ensure it was subject to internal audit.
September 1, 2022SGX is developing a digital portal known as ESGenome which will help issuers with disclosures and make ESG data more easily accessible to investors.
July 22, 2022Banks should discuss their plans for selling PLP with the HKMA and the details of pre-implementation reviews conducted by an independent party.
July 12, 2022The probe was prompted by abnormal trading activity at Woori and Shinhan Bank. Other banks have been asked to conduct internal inspections.
July 6, 2022