The evaluation indicators were revised to increase focus on areas such as major shareholders, party leadership, shareholder equity, related transactions, and director nomination.
December 6, 2022The requirement for banks to seek approval for individual issuances of non-capital bonds is removed. Qualifications of senior executives also no longer need approval.
September 28, 2022If the legislation passes, the FAR will apply to banks six months after commencement, and to insurance and superannuation 18 months after commencement.
September 14, 2022Legislation was introduced to establish the FAR and CSLR. Separate bills were introduced to improve the superannuation system and outcomes for litigation funding participants.
November 6, 2021The prudential standard on remuneration will come into effect from 1 January 2023 initially for the largest and most complex ADIs.
August 30, 2021The FSC says a key objective of the guidelines is to introduce innovative technology including big data analysis into the inspection process.
August 3, 2021Senior executives of licensed financial corporations or their overseas affiliates who are fully vaccinated, and meet the eligibility criteria, may apply for the exemption.
May 31, 2021The guidance will assist entities in complying with APRA's new standard on remuneration, which is expected to be finalised later this year.
May 1, 2021Under the proposed rules, the PBOC will be able to sanction financial holding companies whose directors, supervisors, and senior officials do not meet the job requirements.
November 6, 2020