Operational Risk

    News on frameworks, regulations, and major events related to risks arising from internal processes, systems failures, human errors, or external disruptions.

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    Capital Adequacy

    Bangladesh Regulator Removes Board of ICB Islamic Bank

    By Nithya Subramanian | 17/04/2025

    Bangladesh Bank has removed the board of ICB Islamic Bank, citing governance failures, and appointed one of its own senior officials to take charge.

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    Cybersecurity

    FSB Finalises Common Format for Cyber Incident Reporting

    By Manesh Samtani | 16/04/2025

    FIRE is a standardised and adaptable format developed to enhance the efficiency and consistency of cyber and operational incident reporting.

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    Credit Risk

    HKMA Finalises Revisions to Credit Risk Mitigation Guidelines

    By Manesh Samtani | 15/04/2025

    The revised module offers guidance on strengthening the risk management practices of banks that use credit risk mitigants.

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    Clearing & Post-Trade

    RBA “Lost Confidence” in ASX Months Before December Outage – Report

    By Sanday Chongo Kabange | 10/04/2025

    The RBA had warned ASX in a September 2024 confidential that it had lost confidence in the exchange’s ability to manage its operations and risks.

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    Conduct, Culture & Accountability

    Time to Get Serious About Culture Risk Governance & Supervision

    By Stephen Scott | 08/04/2025

    More than five years after the Hayne Royal Commission, Australians are grappling with twin crises at ANZ and ASX, writes Stephen Scott.

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    Capital Adequacy

    APRA Again Increases Capital Add-on Imposed on ANZ

    By Sanday Chongo Kabange | 04/04/2025

    ANZ has committed to addressing root causes that have contributed to risk governance shortcomings across the bank.

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    Operational Risk

    RBA, ASIC Take “Unprecedented” Action over ASX CHESS Outage

    By Sanday Chongo Kabange | 31/03/2025

    ASX is ordered to engage an independent expert to undertake a technical review of its core technology infrastructure.

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    Operational Risk

    FSS Korea Downgrades Woori Group Following Evaluation

    By Nithya Subramanian | 24/03/2025

    The FSS said Woori Financial Group demonstrated weaknesses in risk management, oversight of major financial decisions, and internal transaction monitoring.

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    Conduct, Culture & Accountability

    Japan to Strengthen Safe Deposit Box Security After Employee Thefts

    By Thisanka Siripala | 21/03/2025

    FSA guidelines will introduce industry-wide security standards for safe deposit box operations.

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    Cybersecurity

    FSS Korea Meets with FinTech CEOs to Outline Supervisory Plans

    By Thisanka Siripala | 18/03/2025

    The meeting included executives from major fintech firms such as Kakao Pay, Toss Payments, Coupang Pay, and Naver Financial.

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