Operational Risk

Clearing & Post-Trade

FIA Updates CCP Risk Management Framework After Nasdaq Member Default

By Garima Chitkara | 29/11/2018

The industry body has updated its 2015 framework for CCP risk management to include more robust and transparent margining and higher skin in the game.

Conduct, Culture & Accountability

FSB Releases Data Framework on Bank Compensation Practices

By Garima Chitkara | 26/11/2018

The FSB has recommended a data framework for national regulators to assess bank compensation policies and practices in regard to misconduct risk.

Operational Risk

SFC Begins Thematic Review to Assess Risk at Licensed Corporations

By Garima Chitkara | 19/11/2018

The regulator will conduct a review of selected firms in Hong Kong with a view to understanding risks arising from remote risk booking, operational risk and data risk.

Operational Risk

PwC Awarded ‘Outstanding Project’ for BCBS 239 Implementation

By Editors | 15/11/2018

PwC has been awarded Outstanding Project for BCBS 239 Implementation and was highly commended in the Consulting Firm of the Year category in the inaugural Regulation Asia Awards for Excellence 2018.

Cloud & Infrastructure

SEBI Looks to Enhanced Analytics to Boost Surveillance Capabilities

By Editors | 13/11/2018

The regulator is looking to set up private cloud infrastructure to enhance its analytical capabilities for better surveillance and investigations.

Cybersecurity

APRA Finalises Standards on Information Security Management

By Editors | 07/11/2018

The prudential standard is aimed at boosting the resilience of APRA-regulated entities and ensuring their ability to respond to breaches swiftly and effectively.

Conduct, Culture & Accountability

S. Korea Industry Body KOFIA to Inspect Securities Firms

By Editors | 29/10/2018

The Korea Financial Investment Association will examine internal operations at securities firms in a bid to prevent order-handling accidents and restore market confidence.

Cybersecurity

Japan FSA Updates Financial Sector Cyber Policy

By Manesh Samtani | 21/10/2018

Japan’s financial infrastructure may come under attack in the lead-up to the 2020 Tokyo Olympics, the FSA says as it prepares to guard against potential large-scale incidents.

Cybersecurity

G7 Publishes ‘Fundamental Elements’ for Financial Sector Cyber Resilience

By Editors | 17/10/2018

These include a guide for assessing cyber resilience through threat-led penetration testing, and best practices for managing cyber risk posed by third parties.