Operational Risk

Structural Regulation

MAS Consults on Revisions to Banking Act

By Editors | 08/02/2019

Among the amendments are proposals to expand the grounds for which MAS can revoke a bank licence, and expanded circumstances for auditors to report on a bank’s financial soundness.

Capital Adequacy

Vietnam to Rank Domestic, Foreign Financial Institutions

By Editors | 05/02/2019

The rankings will be used to alert the central bank to risks at financial institutions in the interest of safeguarding the banking system and protect depositors.

Cybersecurity

Insurance a Critical Part of Cyber Risk Response – MAS

By Manesh Samtani | 01/02/2019

Only 6% of global cyber insurance premiums come from APAC, said MAS division head Elean Chin at the launch of a new report which reveals the inadequacy of cyber risk preparedness.

Clearing & Post-Trade

ISDA Lays Out CCP Best Practices Following Nasdaq Default

By Garima Chitkara | 25/01/2019

Clearinghouses should consider multiple risk factors in determining exposure and put more of its own capital on the line to manage defaults before dipping into the member default fund.

Liquidity Risk

Principles on Liquidity Risk Management Remain ‘Fit For Purpose’ – BCBS

By Editors | 18/01/2019

Based on a review initiated in 2017, the Basel Committee says its 2008 Principles for Sound Liquidity Risk Management Supervision remain fit for purpose, while warning of risks ahead.

Operational Risk

BNM Issues Policy Document Targeting Outsourcing Risk at FIs

By Editors | 31/12/2018

Malaysia’s central bank has raised expectations on the board and senior management to ensure effective oversight and governance of outsourcing arrangements.

Credit Risk

Myanmar’s First Credit Bureau to Become Operational Within a Year

By Editors | 17/12/2018

Using software from Equifax, the new credit bureau will enable lenders to use credit histories to calculate bad debt risk and potentially lower the need for collateral.

Credit Risk

KDIC to Enhance Defences Against Defaults by Financial Firms

By Editors | 14/12/2018

The Korea Deposit Insurance Corp will upgrade its risk assessment and monitoring system in 2019 to protect against the credit risks of financial firms.

Supervision & Enforcement

China Banking Regulator Fines Six Banks a Combined $22mn

By Editors | 10/12/2018

The CBIRC has fined six banks a combined 156.3 million yuan for breaching rules on wealth management products, lending, and misleading advertising.