Capital Adequacy

Bank Resilience to be Tested in the Coming Months: RBNZ

29/05/2020

Under the RBNZ’s ‘very severe’ stress test scenario, banks would fall below minimum regulatory capital, requiring “significant recovery responses” to avoid resolution options.

Cybersecurity

WFE Details Industry Efforts to Ensure Cyber Resilience of Markets

29/05/2020

WFE members are continuously investing resources and technology to enhance their capabilities under the philosophy that it is not a question of ‘if’ they experience a cyber incident but when.

Emerging Prudential Risks

Bank of Korea Cuts Policy Rate to All-time Low

29/05/2020

Korea’s GDP shrank 1.4% year-on-year from January to March period, its biggest quarterly decline since the 2008 global financial crisis.

Market Abuse

SFC Bans Guosen Fund Manager for Violating Staff Trading Policies

29/05/2020

The fund manager concealed his beneficial interests, direct control and trading activities in securities accounts held at an external brokerage.

Cloud & Infrastructure

IOSCO Consults on Updated Set of Outsourcing Principles

28/05/2020

The principles include selection due diligence, information security, confidentiality issues, outsourcing risk concentration, and access to data, among others.

Structural Regulation

SSE Considers Overhaul of Index Methodology – Report

28/05/2020

The SSE is considering using free float rather than total outstanding shares to calculate a company’s market value for the index, which would reduce the weightings of SOEs.

Capital Adequacy

Using Capital Buffers Not As Easy As Hoped: APRA Chair

28/05/2020

Market expectations of bank capital levels and the knowledge that capital will eventually need to be rebuilt make it difficult for banks to dip into their buffers.

AI Risk & Governance

Singapore to Develop Metrics to Assess Fairness of AI-driven Decisions

28/05/2020

UOB and Element AI will develop fairness metrics for credit risk scoring; HSBC, IAG Firemark Labs and Gradient Institute will develop fairness metrics for customer marketing.

Cloud & Infrastructure

FSC Korea to ‘Reshape’ Regulations, Infrastructures to Boost Innovation

28/05/2020

In a welcome speech for Online Korea Fintech Week, FSC chairman Eun Sung-soo said the regulator will pursue innovation based on three main pillars.