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News on frameworks, regulations, and major events related to risks arising from internal processes, systems failures, human errors, or external disruptions.
Market Risk
HKMA Issues Guidance on Reporting ARR Positions in IRRBB Returns
By Manesh Samtani | 30/03/2021
The guidelines say alternative volatility estimates may be used value new ARR options in cases where there is not enough implied interest rate volatility data.
Credit Risk
Hedge Fund Collapse Sparks Billions in Losses for Banks
By Manesh Samtani | 30/03/2021
The SEC, FSA, and FINMA are monitoring the situation, after the collapse of Archegos Capital Management left Nomura and Credit Suisse with billions in losses.
Operational Risk
FCA, BOE Set Out Priority Areas for LIBOR Transition
By Manesh Samtani | 30/03/2021
Supervisory tools may be used to address insufficient progress and poor risk management or governance.
Operational Risk
Continued LIBOR Use Presents ‘Safety and Soundness’ Risks
By Manesh Samtani | 25/03/2021
ARRC will not be able to recommend a forward-looking SOFR term rate by mid-2021. New York has approved legislation to facilitate transition for tough legacy contracts.
Liquidity Risk
RBNZ Orders Westpac NZ to Address Risk Governance Issues
By Ranamita Chakraborty | 24/03/2021
Westpac’s New Zealand unit breached the RBNZ’s liquidity policy by incorrectly calculating mismatch ratios.
Operational Risk
Japan FSA to Inspect Mizuho Over System Failures
By Ranamita Chakraborty | 24/03/2021
The FSA will consider whether to take disciplinary action such as issuing a business improvement order against the bank.
Payments & Settlements
SEBI Issues Guidelines for MIIs on Handling Disruptions
By Sanday Chongo Kabange | 24/03/2021
The new guidelines follow last month’s trading halt at the NSE. The exchange has submitted a root cause analysis to SEBI.
Operational Risk
MAS, ABS Publish Guidance on Workplace Design Strategies
By Editors | 24/03/2021
Strategies and good practices presented in a newly published study are aimed at supporting FIs in building pandemic-resilient workplaces.
Operational Risk
APRA Warns ADIs of Risks from Indemnities in Divestment Transactions
By Ranamita Chakraborty | 24/03/2021
Indemnities provided to acquiring entities as part of divestment transactions should be capped and time bound. Operational risk capital should be held to reflect the level of risk.
Alternative Markets
New Rules for Private Equity Funds Take Effect in Korea
By Ranamita Chakraborty | 22/03/2021
The new rules imposing stricter requirements on leverage, cross trading, sales practices and risk management, among other areas.
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