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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.
Emerging Prudential Risks
BOJ Expands Merger Incentives to Include Community Lenders
By Editors | 03/01/2021
The BOJ will pay an additional 0.1% interest to smaller lenders that decide to merge, integrate their businesses, or meet overhead reduction targets.
Capital Adequacy
Japan FSA Issues Draft Policy for Basel III Implementation
By Editors | 02/01/2021
Japan will adopt the Basel III standards in consideration of the characteristics of domestic financial institutions, the FSA said.
Operational Risk
Korea to Standardise ‘Tech Financing’ Credit Models in 2021
By Editors | 23/12/2020
A new guideline being introduced will improve the accountability of ‘tech credit’ evaluating institutions and require them to use standard evaluation models.
Capital Adequacy
Korea FSS Directs Kakao Bank to Enhance Risk Management
By Editors | 21/12/2020
Kakao Bank is directed to set up an effective emergency plan for responding to a crisis, including detailed financing options to deal potential capital shortfalls.
Cloud & Infrastructure
MAS Consults on Proposed Notices for Outsourced Services
By Manesh Samtani | 21/12/2020
Banks’ outsourcing agreements must include terms that grant MAS the right to audit the outsourced arrangement and obtain information from the service provider.
Operational Risk
HKMA Unveils Enhanced Competency Framework on Operational Risk
By Editors | 20/12/2020
The new Enhanced Competency Framework is aimed at raising the professional competence of practitioners working in the operational risk management function of banks.
Payments & Settlements
BCBS, CPMI Warn of Continued Risks Associated with FX Settlement
By Editors | 20/12/2020
Expanding the availability of PvP settlement to a wider range of transactions and actors will reduce FX settlement risk and support global financial stability.
Operational Risk
HKMA Outlines Regtech Use Cases for Pandemic Environment
By Editors | 18/12/2020
In its fifth issue of ‘Regtech Watch’, the HKMA outlines four potential regtech use cases relevant to the pandemic environment.
Supervision & Enforcement
Taiwan Addresses Bank Misconduct With Higher Penalties: Fitch
By Editors | 17/12/2020
Banks are expected to work to strengthen their risk controls, particularly around wealth management to avoid penalties and preserve their corporate governance rankings.
Operational Risk
MAS Consults on Operational Risk Capital, Leverage Ratio Requirements
By Editors | 17/12/2020
MAS intends to implement the revised standards for operational risk capital and leverage ratio requirements from 1 January 2023.
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