Operational Risk

Conduct, Culture & Accountability

Executive Remuneration Practices Need Improvement – APRA

By Editors | 05/04/2018

APRA review of executive remuneration frameworks at twelve financial institutions found remuneration structures do not encourage behaviour focused on risk management or long-term financial soundness.

Fraud, Scams & Cybercrime

PNB Investigation Reveals Systemic Failures at Bank, RBI

By Garima Chitkara | 05/04/2018

PNB allegedly misled the regulator about the progress of its Swift integration. Indian law enforcement noted that an ill-defined risk-based supervisory approach may have caused the RBI to miss the fraud.

Cybersecurity

GFMA Publishes Common Approach for Cyber Penetration Testing

By Manesh Samtani | 05/04/2018

New penetration testing framework establishes process for industry-wide cross-jurisdictional coordination on development and use of existing frameworks.

Operational Risk

Bangladesh Banks Call for Reforms on Internal Controls, Compliance

By Garima Chitkara | 02/04/2018

The Bangladesh Institute of Bank Management presented a report calling for reform of internal control and compliance departments at the country’s banks.

Operational Risk

Malaysia to Make Specialist Compliance, Risk Management Qualifications Compulsory

By Editors | 29/03/2018

BNM to introduce code of conduct for senior FI personnel, regulatory standards to govern banks’ increased outsourcing of functions.

Credit Risk

A Quarter of Loans at Bangladesh State Banks Non Performing

By Garima Chitkara | 26/03/2018

Current and former regulators have voiced concern over the the accumulation of bad loans in the banking sector; value of bad loans has trebled in the past six years.

Cybersecurity

Systemically Damaging Cyber-attack Inevitable – DTCC

By Manesh Samtani | 21/03/2018

White paper calls for industry collaboration to develop common response and recovery standards and contingencies to mitigate impending attack.

Cybersecurity

APRA Takes Aim at Cyber Attacks with New Proposed Standard

By Garima Chitkara | 08/03/2018

New measures would require firms to have clearly defined information-security related roles, capabilities and controls to boost their ability to repel cyber criminals and respond to breaches effectively.

Emerging Prudential Risks

RBNZ Focused on Public Disclosure Regime

By Garima Chitkara | 03/03/2018

Reserve Bank of New Zealand is working to improve its disclosure regime to uphold three regulatory pillars: self-discipline, market discipline and regulatory discipline.