All posts tagged "Internal Audit"
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502ChinaCBIRC Flags Continued Governance Issues at Banks, Insurers
Major shareholders at some small and medium-sized institutions are deliberately concealing their affiliate relationships and using the institutions as ‘cash machines’.
January 31, 2021 -
342IndiaRBI Directs Banks to Enhance Internal Audit Function
Banks are encouraged to adopt the international standards for internal audit, such as those issued by the BCBS or the Institute of Internal Auditors.
January 12, 2021 -
3.5KESG / SustainabilityMAS Finalises Environmental Risk Management Guidelines for Banks
MAS has extended the transition period from 12 months to 18 months, and says it will start engaging key banks on their implementation progress from Q2 2021.
December 9, 2020 -
453Capital / LiquidityHKMA Consults on Revised SPM on Group-wide Bank Supervision
The revised SPM accounts for holding companies established overseas and intermediate holding companies, including those that are unregulated or engaged in non-financial activities.
December 2, 2020 -
857EnforcementUS OCC Fines JPMorgan for Weak Controls Over Fiduciary Activities
The deficiencies identified by the OCC constituted unsafe or unsound practices that were part of "a pattern of misconduct", says the consent order.
November 29, 2020 -
1.3KAustralia & NZAustralia Gets New Guidance for Internal Auditors in Financial Services
The Better Practice Guide was developed by industry practitioners with APRA and ASIC serving as vocal observers and EY and KPMG providing secretariat support.
November 29, 2020 -
16.8KAustralia & NZAPRA Unveils Details of New Cyber Security Strategy
Starting next year, APRA will be asking boards to engage an external auditor to comprehensively review their compliance with CPS 234 on information security.
November 27, 2020 -
1.8KBig PictureInstitute of Internal Auditors Offers Update to 3LoD Model
The new 'Three Lines Model' is aimed at improving organisational structure to achieve better alignment, collaboration, and accountability among key players.
July 27, 2020 -
1.0KESG / SustainabilityJapan Finalises Stewardship Code Revisions
Existing signatories have six months to update their disclosures to reflect the revisions, which include expectations to incorporate sustainability considerations in investment decisions.
March 25, 2020 -
1.3KInternationalWFE: Exchanges, CCPs Implementing Advanced, Embedded ERM
Market infrastructures - exchanges and CCPs - are implementing advanced and embedded enterprise risk management right across their organisations, the WFE says.
March 2, 2020
