Operational Risk

Operational Risk

BCBS Expresses Concerns About Fourth Party Technology Risks

By Editors | 01/04/2022

Banks and supervisors are concerned that a lack of complete supply chain transparency may increase operational risk.

Operational Risk

RBNZ Satisfied with ANZ NZ Governance Improvements

By Editors | 31/03/2022

ANZ has “invested heavily” in its director attestation framework remediation uplifted its overall governance capabilities.

Capital Adequacy

MAS Proposes Revisions to Bank Capital Disclosure Requirements

By Editors | 31/03/2022

The changes reflect the final Basel III reforms and will improve the consistency and comparability of disclosures across Singapore incorporated banks.

Cybersecurity

FS-ISAC Warns of Cyber Risk ‘Trifecta’ in 2022 and Beyond

By Editors | 15/03/2022

Boards, auditors, and regulators will demand that firms level up their incident response playbooks, tools, and platforms.

Payments & Settlements

BSP Revises Regulatory Framework for E-money Issuers

By Mark Johnston | 15/03/2022

E-money can refer to monetary value “electronically stored in an instrument or device” – including cash cards, prepaid cards, stored value cards or digital wallets.

Capital Adequacy

RBNZ Defers Effective Date of New Insurance Solvency Standards

By Mark Johnston | 10/03/2022

The interim standard will come into force on 1 January 2023. The RBNZ is also consulting on the penalties and enforcement tools it has available for supervising insurers.

Credit Risk

Hong Kong Balance of Risks Tilted to the Downside: IMF

By Sanday Chongo Kabange | 10/03/2022

The IMF says Hong Kong authorities should strengthen analysis of Mainland-related credit risks, and ensure internal models used by local banks are sufficiently forward-looking.

Cybersecurity

CSA Singapore to Update Cybersecurity Act, Code of Practice

By Sanday Chongo Kabange | 09/03/2022

The updates will seek to address ransomware, cloud and 5G technology risks faced by critical information infrastructure sectors including banking & finance.

Trading & Investment

Nickel Short Squeeze Prompts Scrutiny from Chinese Regulators

By Editors | 09/03/2022

State-owned entities are being asked to provide data on their exposures energy and commodity-linked derivatives contracts.