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HKMA Publishes Corporate Resilience Standards
The Hong Kong Monetary Authority has published operational resilience standards and required implementation measures to manage major risks of remote working.
South Korea Proposes Higher Penalties and Enhanced Corporate Governance Requirements
Investors failing to abide by report significant holdings in public securities will be subject to greater fines, firms issuing private convertible bonds (CBs) or bonds with warrants (BWs) will be required to file material disclosures earlier, and newly listed companies will have submit additional financials to the market.
Further MAS Consultation on FI Business Continuity Resilience
The Monetary Authority of Singapore has issued a second consultation on proposed revisions to its Guidelines on Business Continuity Management aimed at encouraging financial institutions to take an end-to-end view to ensure the continuous delivery of critical business services.