BEGIN:VCALENDAR
PRODID:-//Session events Calendar//IBA//EN
CALSCALE:GREGORIAN
VERSION:2.0
BEGIN:VEVENT
DTSTAMP:20260404T201541Z
DTSTART:20250911T023000Z
DTEND:20250911T034500Z
SUMMARY:Session two: Governance of financial institutions: new South Kore
 an requirement on responsibilities map for internal controls and risk ma
 nagement
DESCRIPTION:Korea amended the Corporate Governance Act for Financial Comp
 anies (the ‘Corporate Governance Act’) in 2024\, requiring Korean banks 
 and foreign branches and subsidiaries operating in Korea to put into pla
 ce this past January specific allocation of responsibilities among their
  senior management for internal controls and risk management. Its reach 
 will expand later this year and in 2026 to securities companies\, insure
 rs and other financial institutions. While this type of legislation is n
 ot entirely new in the global financial regulation landscape\, the Korea
 -specific version has its own unique flavour in comparison to other coun
 tries with similarly intended laws to be discussed in parallel with the 
 Corporate Governance Act.
LOCATION:
UID:5e9fc5af-ef5a-4f06-953b-baeb1b13a379
END:VEVENT
END:VCALENDAR