All posts tagged "Oversight"
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804MalaysiaMalaysia Issues Director Conduct Guidelines for Listed Issuers
The guidelines set out the obligations of directors of listed companies and their subsidiaries, and requirements for the establishment of group-wide frameworks.
July 30, 2020 -
1.5KBig 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 -
1.9KAML / KYCBNM Issues Draft Rules on Merchant Acquiring Services
The exposure draft sets out regulatory requirements for merchant acquiring services to ensure proper risk management amid rapid changes in the e-payments landscape.
July 23, 2020 -
1.7KAML / KYCMAS Issues AML Outsourcing Guidance for Capital Market Firms
MAS found material lapses in outsourced AML/CFT controls, largely the result of poor assessment and due diligence processes, and lax oversight and monitoring.
July 16, 2020 -
1.2KESG / SustainabilityFSDC Proposes Measures to Advance Hong Kong as ESG Hub
Hong Kong needs a more coordinated policy environment and an ESG policy roadmap, to provide greater certainty and foster confidence for institutional investors, the FSDC says.
July 14, 2020 -
926FeatureHKMA Proposes New Code of Practice for Banks’ Trust Companies
The HKMA is looking to address a lack of conduct requirements for trust businesses used by banks and their subsidiaries for wealth management purposes.
July 13, 2020 -
1.5KESG / Sustainability
HKMA Offers Guidance for Banks on Climate Risk Practices
The HKMA has published its observations on the approaches used by major banks to manage climate risk, as guidance for the banking sector as a whole.
July 8, 2020 -
911Hong KongSFC Asks HKEX to Raise Guard Against Conflicts of Interest
The SFC says Listing Department personnel should not attend business meetings with prospective listing applicants, and HKEX should further reinforce ‘Chinese Walls’.
July 4, 2020 -
1.0KAsia-PacificBSP Approves New Payment System Oversight Framework
The BSP will be empowered to designate a payment system as systemically important, and replace its operator for a failure to satisfy regulatory obligations.
July 3, 2020 -
2.4KAML / KYC
BNM e-KYC Policy for Customer Onboarding Takes Effect
Financial institutions have the freedom to decide on any combination of methods to identify and verify customers through e-KYC, but prior BNM approval is required.
July 1, 2020
