ADVERTISEMENT
News on frameworks, regulations, and major events related to risks arising from internal processes, systems failures, human errors, or external disruptions.
Emerging Prudential Risks
APRA Chair Outlines Initiatives to Financial Sector Risks
By Sanday Chongo Kabange | 03/05/2021
APRA is piloting a risk culture survey, independent cyber security reviews, and a new data collection exercise on technology and cyber risks.
Conduct, Culture & Accountability
APRA Issues Draft Prudential Practice Guide on Remuneration
By Editors | 01/05/2021
The guidance will assist entities in complying with APRA’s new standard on remuneration, which is expected to be finalised later this year.
Credit Risk
Bank Losses from Archegos Collapse to Exceed $10bn
By Sanday Chongo Kabange | 29/04/2021
New disclosures from UBS and Nomura have raised estimates of the total losses to banks to over $10.5bn.
Operational Risk
Taiwan FSC Directs LINE Bank to Conduct Stress Tests
By Editors | 26/04/2021
LINE Bank services crashed on Thursday due to “system overload” just as it launched new digital banking services.
Operational Risk
FINMA Opens Probe Into Credit Suisse Archegos Losses
By Sanday Chongo Kabange | 24/04/2021
The Swiss regulator said it will appoint a third-party agent to investigate “possible shortcomings in risk management” at Credit Suisse.
Operational Risk
HKMA Directs Banks to Prepare for OpRisk Rule Updates
By Manesh Samtani | 22/04/2021
The HKMA plans to revise its SPM module on Operational Risk Management to incorporate elements of the revised PSMOR issued by the BCBS.
Emerging Prudential Risks
BCBS Outlines Work Priorities for 2021-2022
By Editors | 19/04/2021
Priorities include ongoing Covid-19, digitalisation, climate risk, AI/machine learning, data and technology governance and operational resilience.
Credit Risk
Cambodian Lenders Grant Reprieve from Debt Repayment
By Ranamita Chakraborty | 14/04/2021
Six measures have been announced, including lower interest rates, credit restructuring benefits and relief for Covid-19 patients.
Operational Risk
Mizuho Head to Turn Down JBA Chairmanship – Report
By Editors | 14/04/2021
Mizuho Financial Group president and group CEO Tatsufumi Sakai was due to take over as JBA chairman on 1 April.
Operational Risk
Nomura Establishes Internal Team to Probe Archegos Loss
By Sanday Chongo Kabange | 13/04/2021
Nomura has set up the team to look into the bank’s risk management practices. It plans to disclose details of Archegos loss in late April.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.