Operational Risk

Operational Risk

Acin Recognised for Data-driven Approach to Operational Risk Management

By Editors | 15/12/2020

Acin offers a revolutionary data-driven approach to standardise operational risk and control management, facilitated through a peer-to-peer network of member institutions.

Operational Risk

Improving Operational Resilience: A Priority for the Year Ahead

By David LaFalce | 14/12/2020

DTCC’s David LaFalce highlights the need for firms to remove manual processes, re-evaluate their interconnectedness, and seek out opportunities for industry collaboration.

Capital Adequacy

APRA Lowers Allianz Capital Charge to Reflect Better Risk Governance

By Editors | 10/12/2020

In recognition of progress to address risk governance issues, APRA has reduced Allianz’s additional capital requirement from A$250mn to A$150mn.

Credit Risk

CBSL Interest Rate Cap on Housing Loans Need Clarity

By Duruthu E Chandrasekera | 10/12/2020

The interest rate cap is intended for housing loans for salaried employees, but CBSL has not indicated if it will apply to refinance loans.

Cybersecurity

Australian Regulators Launch Cyber Resilience Testing Framework

By Manesh Samtani | 09/12/2020

The ‘CORIE’ framework will initially run as an industry pilot programme, consisting of a small number of systemically important FIs.

Credit Risk

Addressing Credit Risk Uncertainty Through Collateral & Data

By Editors | 08/12/2020

Panellists at a recent Regulation Asia webinar highlighted the importance of sound collateral management and data practices to manage loan loss uncertainty in the year ahead.

Conduct, Culture & Accountability

ASIC to Update Regulatory Guide on Consumer Remediation

By Sanday Chongo Kabange | 08/12/2020

There are opportunities for firms to identify issues that can lead to remediations earlier, and to ensure remediation payments are made more quickly and fairly.

Market Risk

CBIRC Penalises Bank of China Over April Crude Oil Losses

By Editors | 06/12/2020

Bank of China was fined over 50mn yuan and ordered to correct deficiencies, strengthen compliance awareness and improve risk management.

Resolution & Recovery

Hong Kong to Introduce Corporate Rescue Regime Next Year

By Manesh Samtani | 03/12/2020

Shareholders, secured creditors, unsecured creditors and employees of distressed companies will all end up with better outcomes under the proposed corporate rescue procedure.