All posts tagged "Senior Managers"
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1.0KEuropeBovill Research Calls into Question Efficacy of FCA’s SMCR
The FCA’s experience with SMCR could inform senior management regimes in other jurisdictions such as Singapore, Australia and Hong Kong.
October 28, 2020 -
983Capital RegulationPBOC Issues Draft Law Aimed at Modernising Central Bank System
The draft law expands the PBOC's role in preventing financial risks, assigns it responsibilities to society, and provides a legal basis for its CBDC, among other changes.
October 28, 2020 -
1.4KCapital Regulation
PBOC Issues Draft Rules ‘Fully Revising’ Commercial Bank Law
The revisions will enhance governance, improve board and senior management accountability, strengthen capital and risk management requirements, and raise penalties for violations.
October 19, 2020 -
4.6KContributed ArticleA Detailed Look at MAS’ New Accountability Guidelines
Grace Chong and Si Rong Low at Simmons & Simmons JWS detail the key points of MAS’ final guidelines on individual accountability and conduct.
September 11, 2020 -
2.6KFeatureMAS Finalises Individual Accountability and Conduct Guidelines
Financial institutions are expected to strengthen senior manager accountability and promote a culture of ethical behaviour. The guidelines take effect on 10 September 2021.
September 10, 2020 -
1.0KChinaChina Banking Association Publishes New Code of Ethics
The new Code will establish a system to "blacklist" and "greylist" banking practitioners who violate laws, regulations and discipline, and impose new obligations on senior managers.
September 9, 2020 -
1.3KFeatured ArticlesVideo: Understanding MAS’ IAC Guidelines with Herbert Smith Freehills
Regulation Asia sat down with Natalie Curtis, Partner at Herbert Smith Freehills, to understand MAS' new framework on individual accountability and conduct, ahead of its formal introduction expected in early 2020.
January 13, 2020 -
582AML / KYCAPRA Investigates Westpac, Imposes Capital Surcharge
APRA's investigation will focus on the conduct that led to Westpac's alleged 23 million AML breaches, and whether its senior managers breached the Banking Act, including the BEAR.
December 17, 2019 -
768Europe
UK Senior Managers Regime Now Covers All FCA Regulated Firms
All FCA regulated firms, including asset managers and hedge funds, now have to comply with the SM&CR, including for senior managers and key risk-takers hired at overseas branches.
December 13, 2019 -
792Enforcement
Fostering Customer Trust in the Financial Industry: MAS
Regulators and FIs alike have an important part to play to build trust in the financial industry, MAS deputy managing director Ong Chong Tee said in a speech on Saturday.
November 18, 2019
