Operational Risk

Operational Risk

WFE: Exchanges, CCPs Implementing Advanced, Embedded ERM

By Editors | 01/03/2020

Market infrastructures – exchanges and CCPs – are implementing advanced and embedded enterprise risk management right across their organisations, the WFE says.

Operational Risk

BOJ Enquires into Banks’ Covid-19 Contingency Plans

By Editors | 28/02/2020

Risks to the banking system came into focus on Thursday when MUFG became the first major Japanese bank to report an infection.

Credit Risk

Myanmar Credit Bureau to Commence Operations in April

By Editors | 26/02/2020

It will take up to one year for the credit bureau to collect sufficient and meaningful credit data on local businesses before it will be provided to lenders.

Cybersecurity

RBNZ Estimates Cyber-attacks Cost Financial Sector NZ$144m Annually

By Editors | 26/02/2020

More extreme events have a low probability but are still plausible, illustrating the importance of managing cyber resilience effectively, the RBNZ says.

Capital Adequacy

APRA Asks ADIs to Review, Improve Stress Testing Processes

By Editors | 24/02/2020

Larger ADIs have better stress testing governance practices and scenario development processes, and make better use of stress test results, than smaller institutions.

Capital Adequacy

ISDA Publishes Uncleared Margin Implementation Project Checklist

By Editors | 21/02/2020

The checklist is suggested as a resource guide to highlight key implementation considerations for entities expecting to come into scope in September.

Operational Risk

Hong Kong Bankers Compare Covid-19 to ‘Nightmare’ Stress Test

By Editors | 17/02/2020

The actions being taken to combat the novel coronavirus are reportedly “very close” to those taken in a simulated exercise last October, which involved a pandemic, cyberattack and telecoms breakdown.

Operational Risk

Better Supervision Associated with Lower Operational Risk: BIS Paper

By Manesh Samtani | 14/02/2020

Banks take an average 251 days to discover the occurrence of operational loss events, and 184 days to move from discovery and recognition, according to a new BIS paper.

Liquidity Risk

DBS Announces Relief Measures for SME, Retail Clients

By Editors | 14/02/2020

Relief will be provided on SME property loans, import facilities and retail mortgage loans. The announcement comes after a DBS employee tested positive for Covid-19.