All posts tagged "Remuneration"
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47FeatureHKMA Updates Guidance on Bank Remuneration Systems
Banks are expected to review their remuneration systems and adopt all necessary changes by 1 January 2022, the HKMA says.
July 30, 2021 -
257FeatureHKMA Issues Draft Guideline for Banks on Climate Risk Management
The guideline includes expectations on governance, strategy, risk management and disclosure. The HKMA plans to allow a 12-month period for implementation.
July 21, 2021 -
111Australia & NZAustralia Issues Consultation on Financial Accountability Regime
The FAR will not impose civil penalty liability on accountable persons, a shift from the government's position in a January 2020 consultation.
July 20, 2021 -
106Big PictureWWF Calls for Supervisory Action to Address Biodiversity Loss
Capital requirements should be enhanced when institutions are exposed to sectors detrimental to the environment, says a new WWF report.
July 18, 2021 -
107FeatureMAS to Refine Financial Advisory Remuneration Rules
MAS proposes to refine the tier structure requirements and clarify the types of remuneration that can be paid as overriding benefits.
July 16, 2021 -
126Hong KongHKEX Asks Participants to Prepare for FRC Transaction Levy
Levies will be payable to the Financial Reporting Council by sellers and purchasers of securities, public interest entities, and PIE auditors from 1 January 2022.
July 2, 2021 -
68Australia & NZASIC Product Intervention Order Upheld in Full Federal Court
ASIC is entitled to consider not just the characteristics of a relevant financial product, but also the particular circumstances in which it is supplied, the Court said.
July 1, 2021 -
207FeatureFinancial Advice Standards Have Improved, MAS Finds
Financial advisers have enhanced their standards and raised the quality of advice provided to customers, MAS found in a mystery shopping exercise.
June 23, 2021 -
273FeatureJapan: Revised Corporate Governance Code Takes Effect
The new code seeks to enhance board independence, promote board diversity, and increase attention on sustainability and ESG issues.
June 17, 2021 -
259EnforcementMAS Reprimands Four FIs Over Remuneration Practices
Two insurers, two financial advisory firms, and two individuals were reprimanded over breaches related to their risk management arrangements and remuneration practices.
June 16, 2021
