All posts tagged "Oversight"
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755Australia & NZAPRA Asks ADIs to Review, Improve Stress Testing Processes
Larger ADIs have better stress testing governance practices and scenario development processes, and make better use of stress test results, than smaller institutions.
February 24, 2020 -
529KoreaS. Korean Government Pledges $1.6b to Support New SME Loans
Funding will be provided through policy banks to help SMEs, small merchants, and self-employed business owners address financing challenges amid the coronavirus outbreak.
February 10, 2020 -
806Capital RegulationCabinet Approves Amendments to Bring Co-op Banks Under RBI Oversight
Under the amendments, the RBI gain powers to supersede the board of a cooperative bank under stress, with government approval.
February 7, 2020 -
1.0KMalaysiaBNM Publishes Draft Taxonomy to Help FIs Classify Climate Risks
Supervised institutions are expected to integrate climate-related risks and considerations into their business strategies and risk management practices, BNM says.
January 2, 2020 -
440Australia & NZ
ASIC, APRA Issue Updates on Governance, Accountability
The updates are a response to the Royal Commission, which called on both regulators to reform their internal accountability frameworks to reflect requirements prescribed by BEAR.
December 25, 2019 -
355Australia & NZNZ FMA Identifies Weaknesses in Fund Custody Arrangements
An FMA review found that custody administration tasks are often being delegated back to fund managers, which weakens the separation of functions and duties.
December 17, 2019 -
846Hong KongAsset Managers Looking to Boost ESG, Climate Efforts: SFC
There is significant interest among asset management firms to step up their ESG efforts and management of environmental and climate risks, an SFC survey has found.
December 17, 2019 -
932MalaysiaBursa Malaysia to Restructure, Giving Greater Oversight to CEO
The existing business leadership team will report directly to the CEO following the restructuring. The new structure becomes operational in January.
November 23, 2019 -
699AML / KYCInaugural FATF Supervisors’ Forum Meets in China
The Supervisors’ Forum brought together supervisors from over forty countries to discuss ways in which oversight on ML/TF risks can be enhanced.
November 14, 2019 -
1.8KFintech / RegtechHKMA Emphasises Consumer Protection in Big Data Analytics, AI Use
New HKMA guidance for banks using big data analytics and AI applications focuses on four major areas: governance and accountability; fairness; transparency and disclosure; and data privacy and protection.
November 6, 2019
