All posts tagged "Oversight"
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359Australia & NZASIC Issues Update on Implementation of Hayne Recommendations
ASIC is considering over 40 enforcement cases, a number of which involve misconduct by large financial institutions, their employees or subsidiary companies.
February 20, 2019 -
316Securities & TradingMAS Discusses Supervisory Toolkit for Fund Managers – Speech
MAS places emphasis on conduct and individual accountability in its supervisory approach, using data analytics to help identify unusual trends and flag outliers among fund managers.
February 19, 2019 -
300IndiaIndia Finance Ministry to Have Greater Say in SEBI Rulemaking
SEBI regulations may need to be vetted through a separate independent committee constituted by the Ministry of Finance before being passed to the regulator's own board for approval.
January 31, 2019 -
413IndiaUPDATED – Losses from Bank Fraud Up 72 Percent – RBI
According to RBI data, the higher losses are in large part due to increasing cybercrime as well as the Punjab National Bank scandal in February 2018.
January 7, 2019 -
501Asia-PacificBNM Issues Policy Document Targeting Outsourcing Risk at FIs
Malaysia's central bank has raised expectations on the board and senior management to ensure effective oversight and governance of outsourcing arrangements.
December 31, 2018 -
289Capital RegulationPBOC to Penalise Delayed Reserve Requirement Deposits
The PBOC will boost oversight mechanisms, improve checks and impose penalties to prevent financial institutions' reserves at the central bank from falling below statutory requirements.
December 24, 2018 -
454Capital RegulationG20 Financial Regulatory Reform Agenda On Track – FSB
Basel III and OTC derivatives reforms were on track and broadly achieving their intended goals. High public debt and rising non-bank financial intermediation remain a focus area for the FSB.
November 30, 2018 -
359FeatureSFC Begins Thematic Review to Assess Risk at Licensed Corporations
The regulator will conduct a review of selected firms in Hong Kong with a view to understanding risks arising from remote risk booking, operational risk and data risk.
November 19, 2018 -
293Big PictureRegulators Must Resist Pressures from ‘Reform Fatigue’ – IMF
IMF economists urge for resistance against pressures to roll back regulation, as the post-crisis reform agenda is not yet complete and new risks continue to emerge.
October 4, 2018 -
470Hong KongUS SEC Cautions Against Governance Risks from Dual Class Shares – Report
SEC commissioner Robert Jackson Jr reportedly urged Singapore and Hong Kong to maintain close oversight over companies with dual class share structures to mitigate against corporate governance risks.
September 26, 2018
