Operational Risk

Emerging Prudential Risks

Hong Kong Leads Asia on LIBOR Transition Readiness: KPMG

By Manesh Samtani | 21/11/2019

Survey findings and discussions with banks in the region indicate a lack of readiness for the LIBOR transition. But, failure to keep up will eventually prove disruptive, KPMG says.

Conduct, Culture & Accountability

APRA’s New Approach to Managing Non-Financial Risks

By Editors | 20/11/2019

APRA has published a new information paper setting out a tougher approach to lifting standards of governance, culture, remuneration and accountability across the financial industry.

Operational Risk

BCBS 239: The Rise of 2.5LoD at Singapore Banks

By Shierly Mondianti | 18/11/2019

PwC’s Shierly Mondianti and Irene Liu explore the advantages and disadvantages of the operating models for executing independent validation post-BCBS 239 compliance.

Cloud & Infrastructure

Synpulse Highly Commended in Consulting Firm of the Year Category

By Editors | 14/11/2019

Synpulse Management Consulting was highly commended in the hotly-contested Consulting Firm of the Year category.

Operational Risk

Audeamus Risk Highly Commended for Big Data, Analytics Capabilities

By Editors | 14/11/2019

Audeamus Risk has been highly commended in the hotly-contested RegTech category for Big Data & Analytics.

Clearing & Post-Trade

TriOptima WINS Outstanding Project – LIBOR Transition

By Editors | 14/11/2019

TriOptima has won an Outstanding Project award for Benchmark Transition Management and was highly commended in the Initial Margin Compliance category.

Operational Risk

APRA Seeks Standardised Quarterly Reporting Dates

By Editors | 13/11/2019

The proposed standardised due date is 35 calendar days after the last day of the reference quarter, which will create a 14 calendar day extension for credit unions and building societies.

Conduct, Culture & Accountability

RBI Issues Stricter Rules on Bank Executive Compensation

By Editors | 06/11/2019

Executive compensation should be at least 50% variable, and at least 60% of the variable pay must be deferred for at least three years, subject to malus/clawback arrangements.

Structural Regulation

Singapore Banking Amendment Bill Introduced in Parliament

By Editors | 05/11/2019

The bill will remove the DBU-ACU divide, expand the grounds for which MAS can revoke bank licences, and empower MAS to regulate outsourcing arrangements.