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News on frameworks, regulations, and major events related to risks arising from internal processes, systems failures, human errors, or external disruptions.
Conduct, Culture & Accountability
Culture is Being Approached from the ‘Wrong Angle’
By Manesh Samtani | 20/06/2019
The risk culture expert ASIC engaged to observe bank boardrooms says the approach of judging culture moralistically needs to shift to a more proactive approach that assesses risk.
Credit Risk
Complex Group Arrangements Compound Margin Financing Risks: SFC
By Manesh Samtani | 19/06/2019
Deputy chief Julia Leung says the SFC is concerned that brokers are using complex trading arrangements to circumvent regulatory oversight, among other supervisory priorities.
Conduct, Culture & Accountability
Banks Making Progress on Compensation Practices: FSB
By Editors | 18/06/2019
Most banks now have compensation policies in place that reduce the potential for inappropriate risk-taking. The challenge now is to develop frameworks for assessing their effectiveness.
Credit Risk
SEBI Issues Stricter Disclosure Norms for Ratings Agencies
By Editors | 17/06/2019
Enhanced disclosure guidelines will require rating agencies to disclose default probabilities, factors that can impact ratings, and issuers’ liquidity positions.
Supervision & Enforcement
APRA Uses New Directions Powers Against AMP Super
By Editors | 17/06/2019
AMP superannuation units have been ordered to make significant changes to their business practices, and to renew and strengthen their board.
Capital Adequacy
APRA Issues First Round Response to Bank Capital Consultation
By Editors | 14/06/2019
The new framework will impose higher capital charges by applying higher risk weights on mortgage loans that are seen as more risky, especially interest-only or investor loans.
Conduct, Culture & Accountability
Singapore: Progressing the Culture and Conduct Risk Agenda
By Jeffrey Kupfer | 13/06/2019
MAS is equipping itself with advanced tools that will allow for culture and conduct to be evaluated in a more systematic way, say Jeff Kupfer and Stephen Scott at Starling.
Structural Regulation
Australia: Think Tank Calls for Reduced Regulatory Red Tape
By Editors | 12/06/2019
Between five Australian regulatory agencies, over 75,000 pages of regulatory materials have been published, compared to only 9500 pages of enabling legislation.
Market Risk
ISDA Chief Urges Accounting Bodies to Prioritise Benchmark Reform
By Editors | 12/06/2019
ISDA chief Scott O’Malia says market participants need clarity from the IASB and FASB on the accounting implications of a switch from IBORs to RFRs.
Structural Regulation
Philippines Revises Framework Governing Bank Auditors
By Editors | 29/05/2019
The revised framework lays out criteria for banks to select external auditors as well as key guidelines for auditors in their assessment of banks.
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