Operational Risk

Conduct, Culture & Accountability

Bangladesh Probes Loss-making State Banks Over Large Bonuses

By Sanday Chongo Kabange | 16/07/2021

Under existing rules, employees should not receive incentive bonuses from state-owned commercial banks if they fail to make a profit.

Operational Risk

APRA Wants Banks to Be Ready for Potential Negative Rates

By Ranamita Chakraborty | 14/07/2021

APRA proposes to introduce new expectations for banks requiring them to prepare for scenarios where interest rates fall to zero or turn negative.

Emerging Prudential Risks

FSB Takes Stock of Covid-19 Lessons on Financial Stability

By Manesh Samtani | 13/07/2021

Covid-19 may yet test the resilience of the global financial system, as lenders could still face additional losses as support measures are unwound, the FSB warns.

Credit Risk

Malaysia Provides Six Month Automatic Moratorium to Borrowers

By Sanday Chongo Kabange | 11/07/2021

This is the second time Malaysia has introduced a comprehensive loan moratorium after its debut in March last year.

Conduct, Culture & Accountability

APRA, ASIC Call on Super Trustees to Police Advice Fees

By Ranamita Chakraborty | 07/07/2021

Trustees should have in place processes and a robust assurance framework to ensure fee deductions from superannuation accounts are appropriate.

Operational Risk

RBI Issues New Guidelines on Outsourcing for Coop Banks

By Editors | 03/07/2021

Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.

Structural Regulation

SFC Sets Out Key Priorities in Annual Report

By Manesh Samtani | 03/07/2021

The SFC is implementing a number of projects that seek to leverage new technologies to enhance risk detection and workflow efficiency.

Supervision & Enforcement

FINRA Orders Record Financial Penalties Against Robinhood

By Editors | 01/07/2021

Robinhood has been ordered to pay $70mn for systemic supervisory failures and significant harm suffered by millions of customers.

Operational Risk

CBIRC Bans Ex-President of Sichuan Trust for 8 Years

By Sanday Chongo Kabange | 29/06/2021

Former Sichuan Trust president Chen Jun is being punished for his role in the firm’s failure to repay investors about CNY 25 billion.