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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.
Credit Risk
HKEX Calls for Improved Transparency in Annual Reports
By Editors | 02/02/2022
HKEX has referred cases to the SFC involving newly listed issuers entering investments or arrangements with the professional parties who helped them list.
Capital Adequacy
Preparatory Work to Implement Basel III is Progressing: HKMA
By Editors | 01/02/2022
The HKMA will submit legislative amendments in early 2023 to implement the Basel III final reforms, which will take effect from 1 July 2023.
Cloud & Infrastructure
CBIRC Asks Banks, Insurers to Prioritise Digital Transformation
By Editors | 31/01/2022
New guidance urges banks and insurers to “vigorously promote” digital financial services and further develop their data and technology capabilities.
Credit Risk
Korea FSS Amends Rules to Facilitate Lending by Internet-only Banks
By Sanday Chongo Kabange | 30/01/2022
Internet-only banks will be allowed to use a lower weight for existing household loans when calculating calculating loan-to-deposit ratios.
Trading & Investment
ASIC, SFC Offer Guidance on FX Practices Following Joint Review
By Manesh Samtani | 27/01/2022
Financial groups should promote a strong risk culture, put in place appropriate supervision and surveillance, and ensure fairness and transparency in trade execution.
Operational Risk
BSP Implementing “RING” Approach to Protect Financial System
By Editors | 27/01/2022
“RING” stands for Risk management guidelines, Integrity, New technologies, and Governance standards, said BSP governor Benjamin Diokno
Payments & Settlements
BSP Introduces Multiple Batch Settlement to PESONet
By Ranamita Chakraborty | 26/01/2022
The change increases PESONet’s daily batch settlement to two cycles, enabling better risk management for FIs and greater convenience for customers.
Operational Risk
APRA Revises Reporting Frequency for New Operational Risk Standard
By Editors | 24/01/2022
APRA is revising the reporting frequency for the new operational risk standard from quarterly to annually.
Operational Risk
Chinese Private Banks Violating New Online Lending Rules
By Editors | 21/01/2022
New rules which took effect from 1 January prohibit local and regional banks from extending online loans to borrowers outside of their operating territories.
Cybersecurity
FS-ISAC Initiative to Bolster Financial Sector Supply Chain Security
By Editors | 20/01/2022
The initiative fosters continuous collaboration and information sharing between financial institutions and critical network infrastructure and services providers.
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