Operational Risk

Cybersecurity

MAS Issues Consultation Response on Credit Reporting Regulations

By Manesh Samtani | 01/06/2021

Licensed credit bureaus will be required to establish a Code of Conduct and comply with requirements on technology risk management and cyber security.

Conduct, Culture & Accountability

APRA Targets Risk Culture in Superannuation Sector

By Ranamita Chakraborty | 31/05/2021

APRA is piloting a risk culture survey with plans to roll it out to a number of superannuation entities in 2022.

Liquidity Risk

MAS Raises Focus on Fund Liquidity Risk Practices

By Manesh Samtani | 31/05/2021

MAS wants funds to increase the frequency of liquidity risk monitoring and to extend reporting of significant redemptions to non-retail funds.

Operational Risk

APRA Mulls Changes to Super Fund Rules on Spending, Investing

By Ranamita Chakraborty | 19/05/2021

APRA is considering rules that could limit super fund spending on advertising and memberships, as well as changes to the prudential standard on investment governance.

Credit Risk

Bank of Thailand Unveils Third Phase of Debt Relief

By Editors | 18/05/2021

The third phase of debt relief measures covers unsecured credit card and personal loans, auto hire-purchase loans, car title loans and mortgages.

Cloud & Infrastructure

APRA Sets Launch Dates for New Data Collection Tool

By Editors | 18/05/2021

The test environment will be available from 17 June and production environment from 13 September. ADIs have to maintain BEAR information in APRA Connect from September.

Structural Regulation

Is Asia Ready for the End of LIBOR?

By Li Renn Tsai | 17/05/2021

Li Renn Tsai compares progress in Asia’s main trading hubs, warning of a logjam of transition-related operational work that will pile up towards year-end.

Credit Risk

CBIRC Offers New Model for Trust Firms to Dispose of Bad Assets

By Sanday Chongo Kabange | 13/05/2021

Trust companies can transfer bad assets to the balance sheet of China Trust Protection Fund, which was set up in 2014 to provide liquidity support to the trust sector through loans.

Operational Risk

APRA to Adopt Standard Quarterly Reporting Due Dates for ADIs

By Editors | 12/05/2021

APRA will implement the due date of 35 calendar days after the reporting period for all quarterly reporting forms, except for the modernised EFS reporting forms.