Operational Risk

Conduct, Culture & Accountability

ABA Backs Proposal for Bank-Funded Financial Counselling

By Editors | 07/10/2019

A review of Australia’s financial counselling sector has recommended that the big four banks fund half of the initial contributions immediately needed to expand delivery of such services.

Operational Risk

ASIC Review Finds Non-financial Risk Oversight Lacking

By Editors | 02/10/2019

ASIC says the boards of listed companies need to review their governance practices and accountability structures to ensure effective management of non-financial risks.

Cybersecurity

Singapore FIs Need Stronger Cyber Risk Culture: MAS CSAP

By Editors | 01/10/2019

CSAP members cite poor risk culture as a frequent contributing factor during cyber incidents, highlighting that clear expectations must be set at the board and senior management level.

Structural Regulation

APAC Central Banks Prepare Market for Benchmark Reforms

By Editors | 27/09/2019

A group of APAC central banks have issued a report on the regional implications of LIBOR’s discontinuation, BMR implementation, and reforms to local benchmarks.

Clearing & Post-Trade

ASX Entities Need Stronger Legal Basis to Access Risk Capital

By Editors | 27/09/2019

In its latest assessment of ASX’s clearing and settlement facilities, the RBA says the facilities need to strengthen their legal basis to access general business risk capital.

Cloud & Infrastructure

Regulatory Reporting: An Approach for Smaller Banks

By Irene Liu | 25/09/2019

Banks are starting to gain real business value from investments into better data governance and architecture, say Irene Liu, David Yakowitz and Catherine Lee at PwC.

Resolution & Recovery

BSP Enhances Rules on Voluntary Surrender of Banking Licences

By Editors | 24/09/2019

The guidelines are aimed at improving protections for depositors and creditors of banks that have decided to cease operations.

Liquidity Risk

SEBI Prescribes New Risk Management Norms for Liquid Funds

By Editors | 24/09/2019

From 1 April 2020, liquid and overnight funds must hold at least 20% of their net assets in liquid assets such as cash, government securities and treasury bills.

Emerging Prudential Risks

DTCC Calls on Industry to Prioritise Business Resilience Efforts

By Editors | 24/09/2019

Firms must establish resilience as a business-owned strategic initiative, and be willing to prioritise business resilience over efficiency in some cases, says a new DTCC whitepaper.