This week's risk management news includes MAS' new MD, BOK and FSS' regulatory dispute, and Bank of Botswana's adoption of Basel II.
April 06, 2011 | The Asian Banker Editor
MAS appoints new MD
The Monetary Authority of Singapore (MAS) has appointed Ravi Menon as Managing Director (MD). He replaces Heng Swee Keat who will continue as a director on the MAS Board.
BOK challenges FSS over independent investigations
The Financial Supervisory Service (FSS), South Korea’s financial regulator, is opposing Bank of Korea’s (BOK) proposed revision of financial laws that will enable it to conduct independent investigations into financial institutions. The financial regulator is currently the main authority to investigate banks, securities, insurance and other financial services providers whereas the central bank can only conduct joint investigations with the FSS.
Bank of Botswana to adopt Basel II in 2012
Bank of Botswana, the country’s central bank, will be adopting Basel II regulations from next year to help banks enhance their risk sensitivity in their lending transactions without requiring them to increase their capital buffers.
Re-disseminated by The Asian Banker
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Risk And Regulation Working GroupKeywords:MAS, BOK, Bank Of Botswana
