Operational Risk

Operational Risk

Korea Forms Task Force as Bank-Appraiser Valuation Dispute Escalates

By Editors | 03/10/2025

A government task force is set to tackle a long-running conflict over in-house property valuations after an industry group protested KB Kookmin Bank.

Emerging Prudential Risks

Australian Central Bank Flags Global Market, Cyber and China Risks

By Editors | 03/10/2025

The RBA has identified vulnerabilities in global markets, operational resilience, and China as key threats, while noting Australia's domestic system remains sound.

Operational Risk

Japan Finalises New Lease Accounting Rules for Financial Sector

By Editors | 01/10/2025

The rules require banks and insurers to bring most leases onto their balance sheets, aligning with new national accounting standards.

Operational Risk

ASIC Flags Deficiencies in Super Fund Audits and Asset Valuations

By Sanday Chongo Kabange | 30/09/2025

An ASIC review has found auditors are not sufficiently challenging valuations of unlisted assets, prompting calls for a significant uplift in reporting and audit quality.

Cloud & Infrastructure

Korea Data Centre Fire Cripples Financial Services, Prompts Regulatory Action

By Manesh Samtani | 30/09/2025

A fire at a state-run data hub has paralysed digital identity verification and loan services, exposing critical gaps in disaster recovery systems.

Emerging Prudential Risks

HKMA Warns of Systemic Risk from Tech Provider Dependency

By Manesh Samtani | 30/09/2025

Indirect dependency, where a firm's direct supplier relies on another tech provider, could be a significant and often overlooked channel for the transmission of operational risks.

Credit Risk

BSP Proposes New Rules for Banks on Booking Property Acquired in Loan Settlement

By Sanday Chongo Kabange | 25/09/2025

Draft circular provides guidance on the timing of booking personal properties acquired in settlement of loans under the Personal Property Security Act.

Payments & Settlements

RBA Outlines Payments Strategy, Targeting Resilience and Modernisation

By Manesh Samtani | 24/09/2025

The RBA's annual payments report details a new two-year strategy focused on system resilience, payments competition, and digital currency research.

Clearing & Post-Trade

RBA Downgrades Key ASX Ratings Over Repeated Risk Failures

By Sanday Chongo Kabange | 24/09/2025

The RBA has found serious deficiencies in ASX’s governance and risk management, downgrading key ratings following major operational incidents.