Operational Risk

Cybersecurity

FSS Korea Developing Cyber Defence Blueprint for Financial Sector

By Mark Johnston | 22/07/2025

FSS is preparing a comprehensive response plan to bolster industry cybersecurity efforts after Seoul Guarantee Insurance suffered a major ransomware attack that paralysed key systems.

Credit Risk

FSC Korea to Boost Support for Small Business Credit Access

By Nithya Subramanian | 21/07/2025

FSC Secretary General Kwon Dae-young outlined five key priorities ranging from cheaper loans and better digital access to loan data, to simplified government support systems.

Fraud, Scams & Cybercrime

China Issues New Accounting Guidance to Curb Financial Fraud

By Editors | 19/07/2025

The CSRC has clarified eight complex accounting issues, including for convertible bonds and credit insurance, to improve disclosure quality.

Operational Risk

Wells Fargo Halts China Travel Following Banker's Exit Ban

By Editors | 18/07/2025

The Wells Fargo banker was subjected to an exit ban after arriving in China for a business trip in recent weeks.

Credit Risk

China Sets 'Red Lines' for Provincial Level Bad Debt Managers

By Editors | 17/07/2025

New nationwide rules impose strict risk limits and prohibit local bad debt managers from providing financing for hidden government debt.

Emerging Prudential Risks

RBNZ Urges Banks to Study Risks Arising From Ageing Population

By Sanday Chongo Kabange | 15/07/2025

The central bank is urging financial institutions to prepare for gradual but significant changes driven by an ageing population.

Credit Risk

AFCA Refines Responsible Lending Approach After Industry Feedback

By Sanday Chongo Kabange | 14/07/2025

AFCA has updated its approach to responsible lending, clarifying loss calculations and serviceability assessment processes following consultations in 2023.

Emerging Prudential Risks

FSB Finalises Toolkit to Curb Non-Bank Leverage Risks

By Manesh Samtani | 10/07/2025

The FSB has issued new recommendations for authorities to monitor and control leverage in the growing non-bank sector.

Payments & Settlements

China Proposes Overhaul of CIPS Rules to Bolster Risk Controls

By Manesh Samtani | 09/07/2025

To support the yuan's expanding international role, the proposed regulations shift to principles-based oversight and give the system operator greater responsibility.