Operational Risk

Conduct, Culture & Accountability

APRA Finalises Prudential Standard on Remuneration

By Manesh Samtani | 29/08/2021

The prudential standard on remuneration will come into effect from 1 January 2023 initially for the largest and most complex ADIs.

Credit Risk

APRA Releases Response Letter on Treatment of Covid Loans

By Sanday Chongo Kabange | 26/08/2021

APRA is extending the time period for temporary adjustments to APS 220 so that loans granted repayment deferrals from 8 July until 30 September are covered.

Operational Risk

Japan FSA Orders Mizuho to Explain Latest System Failure

By Editors | 24/08/2021

Mizuho Bank and Mizuho Trust were unable to complete customer transactions at all branches counters across Japan due to equipment failures.

Trading & Investment

ASX November Outage Caused By Hasty Trading System Launch

By Sanday Chongo Kabange | 23/08/2021

An independent review commissioned by ASIC and RBA found that ASX’s upgraded equity trading system was not ready to go-live.

Credit Risk

APRA, RBA Propose to Update Reporting Standard for Loans, Leases

By Sanday Chongo Kabange | 18/08/2021

The changes are expected to be effective from 1 January 2022. Implementation of the November 2020 updates to ARS 720.1 will be delayed until then.

Model Risk

CSRC Tightens Scrutiny on Snowball Derivatives Products – Report

By Editors | 17/08/2021

The CSRC has instructed brokerage firms to tighten risk controls on Snowball derivatives and ensure their risks are fully disclose to investors.

Operational Risk

ASIC Finds ‘Robust’ Valuation Practices in Fund Industry

By Ranamita Chakraborty | 11/08/2021

Valuation practices for illiquid assets were robust, timely and consistent with regulatory guidance and industry standards, ASIC found in a review.

Credit Risk

UPDATED – RBI Extends Deadline for Current Account Restrictions

By Editors | 09/08/2021

The extension is being provided to ensure customers are “not put to undue inconvenience during the implementation process”.

Trading & Investment

Structured Products Landscape in a Post-pandemic APAC

By Abdessamad Khaled | 05/08/2021

Bloomberg’s Abdessamad Khaled and Gaurav Kapoor discuss how structured products have performed and the role automation plays in maintaining stability.