Operational Risk

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

    image

    Operational Risk

    FSS Korea Announces New Guidelines on Third-Party Risk Management

    By Mark Johnston | 17/03/2025

    The guidelines draw on international standards and will be implemented as self-regulatory standards through industry associations.

    image

    Operational Risk

    NSE Places IndusInd Bank Under Additional Surveillance

    By Nithya Subramanian | 14/03/2025

    IndusInd Bank is under heightened scrutiny after it disclosed accounting irregularities in its derivatives portfolio.

    image

    Operational Risk

    Australia: BUSSQ Ready to Comply with APRA Licence Conditions

    By Sanday Chongo Kabange | 14/03/2025

    BUSSQ has dropped its appeal against a decision requiring it to comply with additional licence conditions imposed by April last August.

    image

    Operational Risk

    BCBS to Study Bank Practices on ICT Risk Management, SRTs

    By Manesh Samtani | 14/03/2025

    BCBS will analyse banks’ ICT risk management practices and, separately, how they use SRTs to transfer credit risk to NBFIs.

    image

    Credit Risk

    Korea, Cambodia Sign Two New MoUs to Enhance Cooperation

    By Thisanka Siripala | 11/03/2025

    One of the MoUs is aimed at improving Cambodia’s policies on NPL management and deposit protection.

    image

    Operational Risk

    MAS Asks Banks to Improve Commodity Financing Risk Controls

    By Nithya Subramanian | 07/03/2025

    MAS shared its findings from thematic inspections, highlighting areas where banks and finance companies need to improve.

    image

    Operational Risk

    Taiwan FSC Fines Three Securities Firms and Asset Manager

    By Nithya Subramanian | 07/03/2025

    Three securites firms were fined TWD 300,000 each. An investment management company was also fined and faces business restrictions.

    image

    Structural Regulation

    BSP Issues Draft Rules for Digital Marketplace Operators

    By Sanday Chongo Kabange | 26/02/2025

    The draft guidelines will allow banks and EMIs to offer their own products as well as those from third-party providers via a single “digital marketplace” platform.

    image

    Conduct, Culture & Accountability

    FSS Korea’s 2025 Inspection Strategy to Target Internal Controls

    By Thisanka Siripala | 23/02/2025

    The FSS will conduct 9% more inspections in 2025 compared to 2024, focusing on areas such as internal controls, risk prevention, misconduct, and high-risk product sales.

    image

    Conduct, Culture & Accountability

    Korea: FSS Governor Calls on Banks to Tighten Internal Controls

    By Thisanka Siripala | 21/02/2025

    FSS Governor Lee Bok-hyun urged executives to be more proactive in reforming organisational culture to eradicate financial accidents.

    JOIN OUR NEWSLETTER

    An exclusive weekly selection of top stories from the Regulation Asia editorial team.