Operational Risk

Payments & Settlements

BNM Proposes New Rules For Payment System Operators

By Mark Johnston | 17/12/2021

BNM proposes governance, risk management and operational requirements to ensure safety, efficiency, reliability and confidence in payment systems.

Operational Risk

BIS Paper Says Suptech Tools Could Diminish Supervisory Judgment

By Manesh Samtani | 12/12/2021

The increasing use of suptech tools may diminish supervisory judgment, which could lead to “supervisory blind spots” and a “broader loss of institutional knowledge”.

Reporting & Disclosures

Synpulse Recognised for Work to Address Regulatory Challenges

By Editors | 10/12/2021

Synpulse helped clients with ESG gap assessments, periodic KYC review enhancements, and a data management framework uplift project, among others.

Trading & Investment

CBIRC Authorises Insurers to Engage in Securities Lending

By Mark Johnston | 07/12/2021

The move will improve China’s short-selling mechanism, which will decrease market volatility, improve price discovery, reduce market risk, and create additional income for insurers.

Conduct, Culture & Accountability

China to Redeploy Retiring Execs from Established to Smaller FIs

By Darien Choong | 07/12/2021

Retiring senior professionals from large FIs will have the opportunity to serve as senior executives, independent directors or external supervisors at small and mid-sized banks and insurers.

Cybersecurity

ASIC Flags Supply Chain Risk as Key Cyber Resilience Concern

By Sanday Chongo Kabange | 07/12/2021

Failure to invest in supply chain risk management could lead to significant consumer harm that might warrant ASIC investigation and action.

Operational Risk

APRA Imposes Capital Surcharge on Heritage Bank

By Editors | 29/11/2021

Heritage Bank will also have to complete a remediation programme to address governance and risk management concerns.

Cloud & Infrastructure

HKMA Offers Guidance on Regtech for Reporting, Stress Testing

By Manesh Samtani | 28/11/2021

The latest regtech adoption guide highlights challenges banks face as a result of their use of legacy systems and siloed data structures.

Operational Risk

RBNZ Calls for Risk Governance Improvements at Westpac NZ

By Ranamita Chakraborty | 26/11/2021

An independent report found issues were acknowledged by the board for several years but they were not given due attention or effective remediation.