FAR is the Government's proposed extension of the existing Banking Executive Accountability Regime (BEAR) to cover all APRA regulated entities, in response to recommendations 3.9, 4.12, 6.6, 6.7 and 6.8 of the Financial Services Royal Commission. ...
The passage of the Financial Accountability Regime Bill 2022 (FAR Bill 2022) has been delayed after renewed debate on the inclusion of civil penalties for individuals (this last-minute twist means that the vote on the FAR Bill 2022 scheduled for Friday, 25 Nov...
n NHS Foundation Trusts are subject to the compliance regime of the Independent Regulator of NHS Foundation Trusts ('Monitor'). They have a different accounting, funding and accountability framework from other NHS bodies and do not have a statutory break-even duty (Annex 2). Within this ...
Unclassified [#IABV2_LABEL_PURPOSES#] [#IABV2_LABEL_FEATURES#] [#IABV2_LABEL_PARTNERS#] Further resources ExclusiveLIBRARYInsurance industry Research guide Guide to researching the life and non-life insurance industry. Quick links to trends, forecasts, market research, statistics and useful organisati...
For firms subject to climate stress tests, preparing for and participating in stress testing—which requires management articulation of and firmwide visibility into climate risks—may enhance board and management understanding of and accountability for climate risks, particularly when there is an ...
02 Tighter regulation of banking sector, erratic and disorderly events in the market further addressed and stricter enforcement of rules and internal accountability In 2021, banking regulators reviewed the progress made since 2017 in addressing the "erratic and disorderly" events in the market and ...
and a company with a Standard Listing, the Company is not required to comply with the provisions of the UK Corporate Governance Code.The Directors have responsibility for the overall corporate governance of the Company and recognise the need for appropriate standards of behaviour and accountability....
face a flooding event. It is similarly difficult to determine which interventions should be made and to what extent those interventions will improve resilience. This directly hinders the ability of managers to make informed decisions and to produce an accountability of investments in resilience measures...
of zero tolerance For the registration-based system as well as streamlined administration and delegation of powers to be effective, there needs to be in place enhanced law enforcement and supervision, more severe penalty for violations and comprehensive civil, administrative and criminal accountability. ...
Section 37F governs the notification obligations of an ADI and governance variables for an 'Accountability Statement' and an 'Accountability Map'. The pecuniary penalty for non-compliance with the BEAR is provided for by section 37FC including the meaning of the terms 'prudential matters' and '...