Operational Risk

Operational Risk

APRA Rescinds 2018 Outsourcing Guidance to Reduce Regulatory Burden

By Sanday Chongo Kabange | 20/02/2025

APRA rescinded its 2018 information paper on cloud outsourcing in light of new operational risk management standards coming into effect in July.

Cybersecurity

Korea FSS Unveils Plans to Strengthen “Digital Resilience” of Banks

By Nithya Subramanian | 20/02/2025

The FSS is urging banks to enhance cybersecurity, IT infrastructure, disaster recovery capabilities, and regulatory compliance.

Conduct, Culture & Accountability

Australia: Senate Inquiry Issues Recommendations on Super Industry Governance

By Thisanka Siripala | 19/02/2025

Senate Economics Committee report recommends several measures including empowering APRA to remove trustees with material conflicts of interest.

Operational Risk

RBI Lifts Business Restrictions on Kotak Mahindra Bank

By Nithya Subramanian | 18/02/2025

The RBI said it is satisfied with the remedial measures Kotak Mahindra Bank has taken to address IT risk management deficiencies.

Credit Risk

SFC Reviewing Margin Financing Practices of Securities Firms

By Manesh Samtani | 18/02/2025

The SFC is conducting a thematic review of eight securities firms that provided unusually high levels of margin financing for new IPO subscriptions.

Cybersecurity

Hong Kong’s First Critical Infrastructure Cybersecurity Law is Becoming Reality

By Albert Yuen | 17/02/2025

Albert Yuen and Eunice Lee at Linklaters discuss the proposed new Cyber CI Bill and its implications for critical infrastructure operators.

Cybersecurity

Korean Crypto Exchanges Urged to Bolster IT Security After Failures

By Thisanka Siripala | 12/02/2025

FSS inspections in the last two months found traffic surges overloaded exchange servers, highlighting the need for infrastructure upgrades.

Emerging Prudential Risks

China Issues New Concentration Risk Guidelines for Insurance Groups

By Mark Johnston | 12/02/2025

China’s NFRA has released new guidelines aimed at enhancing risk management within insurance groups.

Operational Risk

Indonesia’s OJK Issues 9 New Financial Sector Regulations

By Nithya Subramanian | 11/02/2025

The new regulations cover financing institutions, venture capital companies, microfinance institutions and P2P lenders.