Compliance Resources to Help you Stay Current

These Australian Prudential Regulatory Authority Guidelines are meant for applicants requiring authorization to carry out banking services under Banking Act 1959 as provider of purchase payment facility (PPF Provider).

For the purpose of an active, fair and orderly market, the Stock Exchange of Thailand (SET) has outlined these guidelines on disclosure of public information by listed companies for informed investing on securities. The guidelines are based on the following two fundamental principles:

• All such public information should be correct, sufficient and timely.
• All the investors of a particular listed company enjoy equal access to such information.

Monetary Authority of Singapore (MAS) introduced these guidelines on risk management practices for an institution’s board of directors and senior management. The board of directors and senior management play pivotal roles in ensuring a sound risk management culture and environment. These guidelines are applicable to all financial institutions.

Malaysia introduced these guidelines with the aim of maintaining sound governance and operational arrangements in Money Services Businesses (MSB) as well as strengthening consumer protection. All licensees should ensure compliance with these guidelines.

The Monetary Authority of Singapore published its Internet Banking and Technology Risk Management guidelines in June 2008. This article provides an overview of the risk management framework that the guidelines require financial institutions to follow.

Malaysia implemented these guidelines with the objectives of promoting sound product risk management practices, to enhance consumer protection and to assign greater flexibility for financial institutions to respond to changing market conditions. This article provides a brief overview of the regulatory requirements included in the guidelines.

Bank Negara Malaysia (BNM) implemented stress testing guidelines for banks in the country in 2007. These guidelines emphasize the importance of stress testing as a risk management tool. This article provides an overview of the requirements included in the guidelines.

Malaysia released these guidelines to help clearly set out the role and responsibility of the board of directors of Islamic banks in appointing external auditors. The guidelines apply to all Islamic banks licensed under the Islamic Banking Act (IBA). They supersede the circular dated 8 August 2003, titled “Pelantikan Juruaudit Luar menurut Seksyen 17 Akta Bank Islam 1983”. This article provides a brief overview of the regulatory requirements included in the guidelines.

Agent banking is the use of non-bank retail outlets by financial institutions (FIs) to deliver financial services on its behalf, particularly to the underserved in a more cost-efficient manner. Malaysia introduced these guidelines with the objectives of facilitating implementation of agent banking in unserved areas, in a reliable, safe and sustainable manner whilst safeguarding consumer interest and confidentiality.

This article provides a brief overview of the regulatory requirements provided in the guidelines.
 

International companies looking to protect their intellectual property in India were dealt a blow today when the country's Supreme Court denied a patent application for a best-selling cancer drug from the Swiss drugmaker Novartis. On the other hand, medical charities and poor countries that depend on generic drugs were cheering the decision.

The Monetary Authority of Singapore published its Internet Banking and Technology Risk Management guidelines in June 2008. This article provides an overview of the security and control objectives that the guidelines detail.

The Monetary Authority of Singapore published its Business Continuity Management guidelines in 2003. These guidelines consist of sound BCM principles that businesses should adopt in order to ensure business recovery and preparedness in case of any disruption to their operations.

In September 2012, the Australian Prudential Regulation Authority (APRA) released guidelines to assist APRI regulated institutions/authorised deposit-taking institutions in complying with prudential requirements and to provide guidance on APRA’s view of good practice. This article gives a brief overview of the guidelines' requirements.

The Malaysian Code on Corporate Governance 2012 (MCCG 2012) focuses on strengthening board structure and composition as well as recognizing the role of directors as active and responsible fiduciaries. The MCCG 2012 supersedes the 2007 Code. It sets out eight broad principles and 26 specific recommendations on structures and processes which companies should adopt in making good corporate governance an integral part of their business dealings and culture. This article provides a brief overview of its guidelines:

Malaysia’s Guidelines on Anti-Money Laundering was drawn up in accordance with the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 (AMLATFA). This article gives a brief overview of the requirements.

The Guidelines address requirements on the application of financial reporting standards and information to be disclosed in the financial statements of banking institutions. Compliance with IFRS has been mandatory in Malaysia since January 1, 2012 for interim and annual financial statements and reports. This article provides a brief overview of its requirements.

The Australian Prudential Regulatory Authority (APRA) Prudential Standard APS 520 Fit and Proper aims to:

• strengthen protection for depositors / policy- holders against risks involved in regulated institutions
• enhance the caliber of those charged with running APRA-regulated institutions
• establish a minimum benchmark for acceptable practice in the appointment of responsible persons /auditors

This article provides a brief overview of the regulatory requirements demanded by this standard.
 

The Australian Prudential Regulation Authority (APRA) has issued Prudential Standard APS 510 Governance, which sets out minimum foundations for good governance of regulated financial institutions. It also defines the respective roles, responsibilities and authorities of the Board and of Management in setting the direction, management and control of the organisation. These standards influence how the objectives of the company are set and achieved, how risk is monitored and assessed, and how performance is optimized. This article provides an overview of the requirements included in the standard.

The Monetary Authority of Singapore (MAS) released these risk management guidelines to provide guidance on best practices to follow with respect to credit risk. Financial institutions can utilize these guidelines for credit extension but banks may apply them to both trading and banking books. This article provides an overview and summary of requirements included in the guidelines.

The Monetary Authority of Singapore (MAS) published these Risk Management Guidelines on Market Risk in February 2006. They are aimed at helping financial institutions better cope with the risks inherent in market exposure. This article provides an overview and summary of requirements included in the guidelines.