Operational Risk

Conduct, Culture & Accountability

NZ FMA Censures Derivatives Issuer Over Suitability Checks

By Editors | 05/03/2022

CTRL Investments allowed investors who could not demonstrate the necessary skills and knowledge to trade derivatives.

Operational Risk

BSP Issues Revised Outsourcing Rules for Banks

By Editors | 27/02/2022

Banks need BSP approval to enter into material outsourcing arrangements. They must also conduct periodic assessments to ensure outsourcing risks are properly managed.

Operational Risk

APRA Offers Guidance on Managing Compliance Risk

By Sanday Chongo Kabange | 22/02/2022

APRA wants regulated entities to give compliance risk management the same attention they give to cyber risk, operational risk management and other risk classes.

Operational Risk

FSA Issues Business Improvement Order to Mizuho, Again

By Editors | 18/02/2022

The business improvement order requires Mizuho and its parent to report to the FSA about the cause of another system failure which halted ATM operations on 11 February.

Operational Risk

Taiwan to Finalise Risk Management Rules for Futures Trust Companies

By Editors | 12/02/2022

Futures trust companies are required to set up dedicated risk management departments with “adequate and competent” full-time personnel by 31 December.

Credit Risk

Taiwan Banks Agree to Continue Extending Consumer Loan Relief

By Darien Choong | 10/02/2022

Lenders have agreed to extend repayment periods for personal consumer financial products and to provide more favourable repayment plans.

Structural Regulation

BOK Decision to Halt FSS Funding to Increase Costs for Industry

By Sanday Chongo Kabange | 08/02/2022

Financial firms are estimated to face increased costs of some KRW 20 million, on average, to make up for the loss of BOK funding.

Operational Risk

MAS Imposes Capital Surcharge on DBS for November Outage

By Editors | 07/02/2022

DBS has to hold SGD 930 million in additional regulatory capital until MAS is satisfied that it has addressed all shortcomings identified by an independent reviewer.

Credit Risk

PBOC, CBIRC Revise Rules for Banks on Commercial Bills Business

By Editors | 07/02/2022

Banks and finance companies should not conduct commercial bill financing business exceeding 15 percent of their total assets.