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News on frameworks, regulations, and major events related to risks arising from internal processes, systems failures, human errors, or external disruptions.
Cybersecurity
MAS Carries Out Cyber Resilience Exercise with French Regulators
By Editors | 19/06/2022
The joint exercise “fully confirmed” the ability of the MAS, BdF and ACPR to exchange and share information efficiently in times of crisis.
Cybersecurity
ASIC Calls on Listed Companies to Bolster Cyber Resilience
By Sanday Chongo Kabange | 16/06/2022
Companies should review their cyber resilience settings and ensure detection, mitigation and response measures are adequate, says Greg Yanco.
Operational Risk
HKIMR Explores Pandemic Lessons for Operational Resilience
By Editors | 16/06/2022
Effective implementation of business continuity plans was a key factor contributing to operational resilience, says new report.
Clearing & Post-Trade
Is Asia Pacific Ready for T+1 Settlement?
By Nellie Dagdag | 15/06/2022
Nellie Dagdag considers the implications of a move to T+1 settlement cycle for equities in Asia Pacific, and the benefits it will bring.
Emerging Prudential Risks
Philippines Launches New Framework for Managing Crises
By Editors | 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.
Conduct, Culture & Accountability
China: Banks, Fund Managers Directed to Rein In Executive Pay
By Editors | 14/06/2022
Fund houses are required to defer a portion of executive bonus payments. Senior staff are directed to invest their bonuses in financial products issued by their companies.
Credit Risk
CBIRC Directs Bad Debt Managers to Contain Risk at Smaller Banks
By Darien Choong | 12/06/2022
China’s large state-owned asset management companies are asked to play a greater role in reducing the risks from non-performing assets at small and medium-sized banks.
Emerging Prudential Risks
FSB, IMF Conclude Second G20 Data Gaps Initiative
By Editors | 09/06/2022
A third data gaps initiative has been proposed, to address data gaps relating to climate change, fintech and financial inclusion, among other things.
Operational Risk
CBIRC Fines Two Banks, Wealth Management Subsidiaries
By Editors | 09/06/2022
Bank of China, China Everbright Bank, and their two wealth management subsidies were fined a total of almost CNY 15 million.
Operational Risk
China Banks Urge Regulators to Relax Document Stamping Rules
By Editors | 08/06/2022
Banks are being forced to halt loan and foreign exchange services for some businesses due to document stamping requirements.
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