Operational Risk

Structural Regulation

China Tightens Rules on Offshore Operations of Brokerages, Funds

By Garima Chitkara | 01/10/2018

Brokerages and fund houses should ensure a “concise and transparent” network of overseas subsidiaries and ensure foreign units focus on the core business and not conduct any non-financial business.

Cloud & Infrastructure

APRA Updates Guidance on Cloud Computing Use by Regulated Entities

By Manesh Samtani | 25/09/2018

Information paper acknowledges improvements in the ability of regulated entities to manage cloud computing risks, while also detailing observed weaknesses and areas of concern.

Operational Risk

ASIC Details Areas for Improvements in ASX Governance

By Editors | 18/09/2018

The ASX Group has undertaken an extensive work programme aimed at improving technology governance and operational risk management.

Emerging Prudential Risks

DTCC Identifies Post-GFC Opportunities to Enhance Financial Stability

By Manesh Samtani | 13/09/2018

Ten years after Lehman Brothers became insolvent, additional work is needed to fully address financial system vulnerabilities, while at the same time new risks have emerged.

Credit Risk

Westpac to Pay Record A$35mn for ‘Responsible Lending’ Breach

By Manesh Samtani | 05/09/2018

Westpac Bank’s automated credit assessment system approved 10,500 home loans between 2011 and 2015 which should not have been automatically approved; the system has since been upgraded.

Emerging Prudential Risks

Japan’s Regional Banks Told Not to Blame BOJ for Woes

By Manesh Samtani | 23/08/2018

FSA commissioner urges regional banks, whose profits are down 30% from 5 years ago, to explore ways to manage low interest environment, other than blaming monetary policy.

Cybersecurity

Virtual Banks in Hong Kong: Bringing Risks and Opportunities To Asia

By Kristi Swartz | 21/08/2018

A new era of smart banking in Hong Kong is anticipated to begin at the end of this year with the establishment of virtual banks. Competent players will embrace enormous opportunities to challenge the city’s traditional banking model.

Credit Risk

Hong Kong SFC Proposes New Rules For Securities Margin Financing

By Garima Chitkara | 20/08/2018

The regulator has launched a two-month consultation around stronger risk management standards to govern securities margin financing.

Cryptocurrency

Cryptocurrency Framework Needs Update – Japan FSA

By Manesh Samtani | 16/08/2018

On-site inspections revealed a lack of internal controls, inadequate governance and poor business models at exchanges.