Operational Risk

Conduct, Culture & Accountability

APRA Intensifies Scrutiny of Super Fund Expenditure Decisions

By Sanday Chongo Kabange | 26/06/2025

APRA is calling for a greater focus on member outcomes and robust expenditure management frameworks.

Conduct, Culture & Accountability

RBI Steps Up Scrutiny of Bank Boardrooms Amid Governance Concerns

By Nithya Subramanian | 25/06/2025

The RBI is focusing on the quality of board discussions, decision-making processes, and overall governance practices.

Credit Risk

Hong Kong Consults on Stricter Rules for Licensed Money Lenders

By Sanday Chongo Kabange | 24/06/2025

The FSTB is seeking to strengthen the regulatory regime amid concerns over debt, especially among low-income earners and foreign domestic helpers.

Operational Risk

Japan FSA Refines Assessment Framework for Internal Audit Function

By Thisanka Siripala | 24/06/2025

The FSA’s new report seeks to address industry requests for greater clarity on the specific requirements of the four-stage assessment framework.

Cybersecurity

G7 Cyber Expert Group Publishes Reconnection Best Practices

By Manesh Samtani | 24/06/2025

New paper sets out best practices for financial firms reconnecting after cyber incidents, emphasising a phased approach and transparency.

Conduct, Culture & Accountability

Financial Sector Faces a Crossroads of Trust, Regulation, and AI – Report

By Manesh Samtani | 24/06/2025

New Starling Trust report warns that a “trust crisis”, coupled with evolving regulations and the rise of AI, is creating unprecedented challenges for the financial sector.

Market Abuse

India’s Audit Regulator Probes IndusInd Bank for Irregularities

By Nithya Subramanian | 23/06/2025

NFRA has sent notices to the current and former auditors of IndusInd Bank, seeking complete audit files from as far back as 2017.

Model Risk

BSP Proposes Model Risk Management Guidelines for FIs

By Sanday Chongo Kabange | 20/06/2025

The BSP has proposed model risk management guidelines for financial institutions to enhance operational resilience and mitigate potential losses.

Emerging Prudential Risks

Malaysia’s Retirement System Must Evolve, Says EPF Chief

By Nithya Subramanian | 20/06/2025

Malaysia’s retirement system needs to be inclusive, flexible, and better aligned with the realities of modern life, said the EPF Chief.