The firms erroneously recorded margin trading transactions. One firm also did not properly document reasons for client-directed order amendments.
August 2, 2023The rules implement "differentiated regulatory requirements" based on an institution's development strategy, business scale, complexity, and risk status.
July 28, 2023The guidelines will cover CEO appointments, management succession procedures, and evaluation and supporting systems for independent directors.
July 20, 2023The SFC and AFRC will work together to address misconduct involving dubious loans issued by listed companies to third parties.
July 14, 2023The fund manager also issued inaccurate statements of accounts and failed to provide statements of accounts to clients within the prescribed time limit.
July 14, 2023The amendments cover a wide range of topics, addressing climate, digitalisation, interest rate risk, cyber risk, counterparty credit risk, and bank culture.
July 7, 2023CEOs will have to establish "responsibilities maps" showing how internal control responsibilities are shared and divided among executive officers.
June 25, 2023BNM has updated its policy on risk management in technology to include requirements on the adoption and use of public cloud infrastructure.
June 2, 2023The FSC will seek to ensure consistency with global standards and major markets to reduce the burden for domestic firms.
May 2, 2023Acting ICAC Commissioner Ricky Yau said the training programme is aimed at enhancing banking sector standards on preventing corruption risk.
April 5, 2023