Operational Risk

Custody & Infrastructure

Korea FSS Considers Inspections of Korbit Over Trading Suspension

By Thisanka Siripala | 19/06/2025

The FSS is said to be investigating the cause of a 12-hour trading and services suspension at crypto exchange Korbit.

Operational Risk

“Perfect Storm” of Operational Risks Brewing: APRA Official

By Thisanka Siripala | 19/06/2025

APRA’s Chris Gower said geopolitics, cyber threats, and third-party reliance create operational resilience challenges for the financial sector.

Operational Risk

Banking Sector Reports Fall in Operational Risk for 2024: ORX

By Editors | 18/06/2025

ORX report shows banking sector operational risk losses down in 2024, but external fraud and digitalisation trends warrant attention.

Capital Adequacy

Taiwan Tightens Rules on Life Insurers Offering Wealth Management

By Nithya Subramanian | 18/06/2025

Only life insurers that meet specific financial and compliance criteria will be allowed to offer wealth management services.

Operational Risk

BCBS Proposes Amendment on Rental Income Treatment

By Nithya Subramanian | 13/06/2025

Basel Committee has also finalised FAQs clarifying credit risk rules, addressing issues such as collateral splits, currency mismatches, and the use of proxy data.

Cybersecurity

FS-ISAC, Akamai Publish New Framework to Assess DDoS Defences

By Nithya Subramanian | 13/06/2025

New report introduces a five-level DDoS Maturity Model aimed at helping FIs benchmark their resilience and readiness to DDoS threats.

Cybersecurity

APRA Demands Stronger Security Controls at Super Funds

By Sanday Chongo Kabange | 11/06/2025

RSE licensees must complete a self-assessment of information security controls and ensure protections like MFA are in place for high-risk activities and privileged access.

Fraud, Scams & Cybercrime

SFC Calls on Firms to Enhance Client Asset Protection Controls

By Sanday Chongo Kabange | 10/06/2025

The SFC emphasised the need for stronger due diligence on third-party custodians and stronger internal audit functions to identify control gaps.

Credit Risk

Bangladesh Bank Relaxes Loan Rescheduling Rules for Financial Sector

By Editors | 10/06/2025

Bangladesh Bank eases loan rescheduling rules, aiming to support housing finance borrowers with longer repayment periods and greater flexibility.