Operational Risk

Operational Risk

Taiwan Issues First Three Digital Bank Licences

By Editors | 31/07/2019

The three digital only bank licences went to conglomerates led by Japan’s LINE Group; Taiwan’s Chunghwa Telecom; and Japanese e-commerce firm Rakuten Inc.

Capital Adequacy

ANZ Adjusts Risk Weights on New Zealand Loan Portfolios

By Editors | 30/07/2019

The changes follow the RBNZ’s revocation of ANZ’s right to model its operational risk capital requirements in May.

Market Risk

BSP Approves New Risk Management Guidelines for Banks

By Editors | 29/07/2019

The guidelines seek to ensure that risks from banks’ investment activities are effectively identified, measured, monitored and controlled.

Operational Risk

CCP12 Publishes Best Practices to Address Outsourcing Risk

By Editors | 26/07/2019

As CCPs move to more complex supply chain models, proper oversight mechanisms and controls need to be in place to manage the risks introduced by third-parties.

Conduct, Culture & Accountability

APRA Proposes New Prudential Standard on Executive Pay

By Editors | 24/07/2019

Key proposals include limits on the financial performance component of variable compensation, a 7-year deferral period for executive bonuses, and claw back for up to 4 years.

Credit Risk

RBI Urges Better Risk Monitoring, Faster NPA Resolution at State Banks

By Editors | 23/07/2019

RBI governor Shaktikanta Das asked state-owned banks to speed up bad debt recovery efforts, strengthen internal controls and risk monitoring, and help fix the ongoing NBFC liquidity crisis.

Operational Risk

APRA Orders A$500m Capital Charge for ANZ, NAB, Westpac

By Editors | 11/07/2019

The increase in capital requirements are to reflect weaknesses in operational risk management identified in the banks’ self-assessments.

Trading & Investment

PBOC Suspends Traders for ‘Abnormal’ Overnight Repo Transactions

By Editors | 09/07/2019

The trades involved overnight bond repo transactions in the interbank market at prices below normal market rates.

Cybersecurity

APRA Releases Finalised Guidance on Information Security

By Editors | 26/06/2019

The updated guidance is intended to help regulated entities comply with APRA’s new cross-industry prudential standard on information security, which comes into force on 1 July.