KB Kookmin Bank announced on the 17th that it has begun preparing a responsibility structure for management in response to the revised "Act on the Governance of Financial Companies (Governance Act)" ...
The Financial Supervisory Service (FSS) announced on the 16th that it held the '2024 Banking Sector Internal Control Workshop.' The workshop is held semiannually with the banking sector to respond to ...
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Banks still lack internal control, risk management
SEOUL, Feb. 4 (Yonhap) -- South Korea's financial watchdog said Tuesday that it will map out a stricter supervisory system ...
Compliance professionals constantly seek to understand how systemic issues within corporate hierarchies can lead to severe consequences. The recent revelations about Bank of America’s (BoA) persistent ...
New York Community Bank CEO Thomas Cangemi is out and the bank has disclosed “internal controls” issues linked to internal loan review. The bank, one of the largest commercial real estate lenders in ...
LONDON, March 17 (Reuters) - UBS's (UBSG.S), opens new tab auditors have expressed an "adverse opinion" on the bank's internal controls over its financial reporting for 2024 after it failed to resolve ...
Effective corporate governance is essential if a business wants to set and meet its strategic goals. A corporate governance structure combines controls, policies and guidelines that drive the ...
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