Operational Risk

Liquidity Risk

NZ FMA Unimpressed With Liquidity Practices at Funds

By Manesh Samtani | 24/06/2021

The FMA says liquidity stress tests are not being performed frequently enough and fund managers do not have sufficient liquidity management tools.

Credit Risk

Bursa Malaysia Offers Additional Relief to Listed Issuers

By Ranamita Chakraborty | 18/06/2021

Relief is provided to listed issuers with unsatisfactory financial conditions or an inadequate level of operations between 1 July 2021 and 31 December 2021.

Operational Risk

RBI Requires HFCs to Enhance Internal Audit Systems

By Editors | 16/06/2021

All deposit-taking HFCs irrespective of size, and non-deposit-taking HFCs with at least INR 50 billion in assets, have to put in place an RBIA framework.

Conduct, Culture & Accountability

MAS Reprimands Four FIs Over Remuneration Practices

By Sanday Chongo Kabange | 15/06/2021

Two insurers, two financial advisory firms, and two individuals were reprimanded over breaches related to their risk management arrangements and remuneration  practices.

Payments & Settlements

BNM Sets Out New Draft Policy for E-Money Issuers

By Manesh Samtani | 14/06/2021

The exposure draft proposes to impose additional requirements including on capital for e-money issuers that have “substantial market presence”.

Capital Adequacy

HKMA Defers Implementation of Basel III Capital Standards

By Editors | 11/06/2021

Banks have an additional six months to implement the revised frameworks on credit risk, operational risk, output floor and leverage ratio. The market risk and CVA risk frameworks are also deferred.

Credit Risk

APRA Proposes Phased Approach to New Credit Risk Reporting Standard

By Manesh Samtani | 09/06/2021

An interim and simplified reporting standard will apply while ADIs develop their capabilities for delivering the full suite of credit risk data collected by ARS 220.0.

Operational Risk

SFC Raises Supervisory Focus on Fund Manager Resilience

By Manesh Samtani | 08/06/2021

The SFC is on the lookout for funds with outsized and concentrated bets to prevent an Archegos-type event in Hong Kong.

Operational Risk

SFC, HKMA Instruct Regulated Firms to Promote Vaccinations

By Manesh Samtani | 03/06/2021

The SFC says vaccinations are a critical part of operational risk management. The HKMA is requiring banks to submit a list of unvaccinated staff.