Operational Risk

HKIMR Explores Pandemic Lessons for Operational Resilience

16/06/2022

Effective implementation of business continuity plans was a key factor contributing to operational resilience, says new report.

Anti-Money Laundering

US, UK to Jointly Promote Privacy-Enhancing Tech for AML

15/06/2022

The joint initiative will seek to accelerate the development of privacy-preserving federated learning solutions that can help to combat financial crime.

Conduct, Culture & Accountability

NZ FMA Fines Cigna for ANZ Product Distribution Failures

15/06/2022

ANZ was fined last year for making misleading representations when distributing CCRI policies, many of which were issued by Cigna and OnePath.

Anti-Money Laundering

Australian Federal Police Sets Sights on Italian Crime Groups

15/06/2022

Australian Police will use data obtained during Operation Ironside to target Italian organised crime syndicates for drug trafficking and money laundering.

Trading & Investment

ASX Consults on Fallbacks for 90 Day Bank Bill Futures

15/06/2022

ASX says the inclusion of fallback provisions in contractual documentation will provide contractual and risk management certainty.

Emerging Prudential Risks

Philippines Launches New Framework for Managing Crises

15/06/2022

The SRCM framework sets out how the FSCC should intervene in the event of a potential systemic risk that could negatively affect the macroeconomy.

Credit Risk

APRA Finalises Framework for Limiting Risky Mortgage Lending

15/06/2022

Lenders must ensure they are operationally ready by September to implement loan limits based on DTI multiples or LTV ratios.

Anti-Money Laundering

FATF Joins UN Counter-Terrorism Coordination Compact

14/06/2022

Cooperation between the FATF and United Nations will strengthen their ability to go after the money that funds terrorist groups, said Marcus Pleyer.

Custody & Infrastructure

Russia Launches Blockchain-Based Alternative to SWIFT

14/06/2022

Russian state-owned firm Rostec said the blockchain-based platform will allow settlements in national currencies and eliminate the risk of sanctions.