Operational Risk

ASIC Uncovers Widespread Failings in Bank Mortgage Offset Accounts

30/07/2026

Customers were overcharged millions in interest due to systemic errors, prompting ASIC to order banks to strengthen controls and remediate affected clients.

Cloud & Infrastructure

Korea FSS Issues New Rules on Third-Party IT Risk Management

30/07/2026

New guidelines make boards ultimately responsible for IT outsourcing risks, mandating a new control framework and lifecycle management for vendors.

Cybersecurity

Hong Kong Flags Third-Party Cyber Risk After System-Wide Mapping

30/07/2026

A joint exercise by four regulators finds no major new systemic risks but highlights concentration in certain third-party service providers, warranting closer supervision.

Capital Adequacy

New Zealand Finalises Bank Capital Rules After Industry Pushback

30/07/2026

The RBNZ has amended its approach to farm and SME lending risk weights and introduced a transition period following industry consultation.

Cloud & Infrastructure

Korean FIs Respond to Rule Relaxations by Adopting Copilot

30/07/2026

Relaxed rules for using cloud and AI services have enabled FIs to accelerate the adoption of generative AI for internal operations.

Conduct, Culture & Accountability

Australian Banks Told to Look Beyond Staff Error for Code Breaches

30/07/2026

New report reveals over 9,000 banking code breaches in six months, and calls on FIs to address systemic issues rather than blaming employees.

Fraud, Scams & Cybercrime

Hong Kong to Mandate Biometric Checks for MPF Withdrawals

29/07/2026

The move aims to combat fraud by requiring most members to use the 'iAM Smart' app for real-time facial identification when accessing retirement funds.

Stablecoins

BPI to Pilot Stablecoin Remittances Under Central Bank Coordination

29/07/2026

The bank is testing a stablecoin-based settlement system for cross-border payments in coordination with the BSP.

Fraud, Scams & Cybercrime

Thailand to Tighten Crypto Mining Imports After Major Electricity Theft Bust

29/07/2026

A crackdown on an illegal crypto mining operation causing THB 280 million in damages has prompted the prime minister to order a review of import controls for mining hardware.