Operational Risk

Cybersecurity

IMF, MAS Offer Guidance on Assessing Cyber Risk

By Manesh Samtani | 12/02/2020

A new IMF-MAS paper presents data sources and methods that can be used to analyse and assess cyber risk, illustrated with applications to Singapore.

Operational Risk

MAS Issues Advisory to FIs Amid Higher Coronavirus Alert Level

By Editors | 10/02/2020

MAS asks financial institutions to ensure business continuity and warns that cyber threat actors are taking advantage of the novel coronavirus situation to conduct email scams, phishing and ransomware attacks.

Credit Risk

HKMA Urges ‘Sympathetic Stance’ for Borrowers Affected by Coronavirus

By Manesh Samtani | 07/02/2020

The HKMA is encouraging banks to adopt a sympathetic stance to customers facing coronavirus-related difficulties and to consider offering relief on debt repayment and fees.

Credit Risk

BOT Launches Phase Three of ‘Debt Clinic’ Scheme

By Editors | 05/02/2020

Phase 3 will expand the scope of covered personal debt to include cases involving a single debtor. The Debt Clinic has so far helped over 3,000 borrowers refinance bad debt.

Operational Risk

BSP Proposes New Reporting Requirements for Conglomerate-run Banks

By Editors | 03/02/2020

Under draft rules, universal and commercial banks that are part of conglomerates will have to report information on all entities and assets in the conglomerate structure.

Operational Risk

China Prohibits SOEs from Speculative Derivatives Trading

By Editors | 22/01/2020

State-owned enterprises may only engage in derivatives trading for hedging purposes. Speculative derivatives trading is explicitly prohibited.

Emerging Prudential Risks

BNM Sets Out Expectations for Developmental Financial Institutions

By Editors | 21/01/2020

BNM has set out its expectations for DFIs’ business plans and funding requirements, to enable them to achieve greater developmental outcomes and support the private sector.

Operational Risk

SFC Offers Brokers, Fund Managers Guidance on Risk Governance

By Editors | 21/01/2020

Senior management, including the board, responsible officers and MICs will be held accountable for the overall risk management control of their firms.

Credit Risk

Sri Lanka Offers Credit Support for Banks to Boost SME Lending

By Editors | 18/01/2020

The new scheme provides risk mitigation support to banks that defer principal repayment and extend new loans for SME borrowers, including those that have defaulted.