Operational Risk

Operational Risk

Mizuho Suffers Seventh System Failure For the Year

By Editors | 12/09/2021

The latest failure disrupted about 100 ATMs due to a “hardware problem”, though affected services were restored quickly.

Conduct, Culture & Accountability

HKMA Urges Continued Momentum in Bank Culture Efforts

By Manesh Samtani | 09/09/2021

Culture is the “invisible glue” that holds a bank together and assumes an even more critical role during the pandemic, says the HKMA’s Arthur Yuen.

Liquidity Risk

RBNZ Directs Banks to Correct Liquidity Management Weaknesses

By Ranamita Chakraborty | 08/09/2021

Banks have been sent a detailed list of the RBNZ’s findings and instructions to develop remediation plans and conduct assessments against the findings.

Credit Risk

OJK Indonesia Extends Debt Restructuring Relief for One Year

By Editors | 07/09/2021

Banks are still required to ensure adequate risk management procedures are in place and that only debtors who are eligible are given the option to restructure their debt.

Market Risk

Chinese Banks Start to Restrict FX Services Amid Risk Concerns

By Sanday Chongo Kabange | 07/09/2021

State-owned lender Huaxia Bank has restricted some of its FX services amid regulatory concerns over yuan volatility.

Operational Risk

Lessons in Operational & Credit Risk Management for Exchange Members

By Boon Gin Tan | 07/09/2021

SGX RegCo’s Boon Gin Tan and Grace Mok discuss findings from a survey of exchange members. A new guide on credit risk management has also been released.

Conduct, Culture & Accountability

ASIC Offer Guidance on New Complaints Handling Obligations

By Sanday Chongo Kabange | 03/09/2021

ASIC says more work is needed from superannuation trustees to comply with new internal dispute resolution standards that become enforceable in October.

Operational Risk

Mizuho Unable to Identify Cause of System Failure

By Editors | 02/09/2021

In a report to the FSA, Mizuho says it will revamp its system restoration procedures, review its customer response measures, and reassess its core banking system.

Market Risk

SAFE Assesses Bank Processes for Managing FX Volatility

By Editors | 02/09/2021

Regulators are said to be preparing for policy normalisation in major developed markets and for stimulus measures to end, which could prompt currency volatility.