Operational Risk

Supervision & Enforcement

CBIRC Orders Banks to Strengthen Risk Controls

By Darien Choong | 25/11/2021

Insufficient assessment of potential business risks and a lack of core management systems and control measures have surfaced, the CBIRC said.

Cybersecurity

APRA Calls For Greater Board Engagement on Cyber Risk

By Manesh Samtani | 25/11/2021

APRA found in a data collection exercise that 60 percent of regulated entities had not assessed IT service providers’ information security control testing.

Operational Risk

MAS Considers ‘Appropriate Supervisory Actions’ After DBS Outage

By Mark Johnston | 24/11/2021

MAS considering “appropriate supervisory actions” following two days of digital services disruption at DBS Bank.

Credit Risk

CBIRC Urges Banks to Advance Supply Chain Finance Reforms

By Darien Choong | 23/11/2021

Banks are asked to strengthen risk management in supply chain finance transactions through industry research, risk monitoring, and new technologies.

Operational Risk

APRA Seeks Information from Super Trustees on Financial Resilience

By Ranamita Chakraborty | 22/11/2021

APRA has issued a discussion paper seeking to better understand current and emerging approaches for managing financial resources.

Cybersecurity

FS-ISAC Offers Recommendations for Cyber Defence in 2022

By Mark Johnston | 21/11/2021

APAC financial institutions face threats from ransomware attacks, supply chain risks, and the resurgence of trojans and DDOS attacks.

Emerging Prudential Risks

China Tightens Rules on Special Purpose Bonds, Use of Proceeds

By Darien Choong | 18/11/2021

SPB proceeds must be used strictly in accordance with the purposes disclosed in the prospectus. Any variations must be approved and properly disclosed.

Credit Risk

RBI Seeks Industry Alignment of Loan Classification Norms

By Editors | 18/11/2021

The RBI has clarified and harmonised its guidelines onincome recognition, asset classification, and provisioning practices to ensure uniformity across all lenders.

Structural Regulation

BOT Sets Milestones for Reducing THBFIX Exposure in Derivatives

By Pongnut Thanaboonchai | 17/11/2021

By mid-2022, the total notional outstanding of THBFIX derivatives maturing after 2025 should be reduced by 50 percent compared to end-June 2021 figures.