Operational Risk

Emerging Prudential Risks

Indonesia’s OJK Launches Roadmap to Strengthen Microfinance Sector

By Nithya Subramanian | 26/11/2024

The five-year roadmap aims to enhance MFIs by focusing on governance, risk management, education, and ecosystem development.

Conduct, Culture & Accountability

Compensation Must Be Aligned with Prudent Risk-Taking: FSB

By Manesh Samtani | 22/11/2024

New FSB report identifies legal and regulatory challenges associated with the use of compensation tools to promote prudent risk taking.

Structural Regulation

ASX Amends Position Reporting Framework, Operating Rules

By Editors | 21/11/2024

The changes aim to align terminology with global practice, clarify reporting requirements, and remove burdensome notification requirements.

Resolution & Recovery

MAS Issues Response on Enhancing Deposit Insurance Scheme

By Nithya Subramanian | 20/11/2024

MAS released a second set of responses to proposals aimed at improving the operational efficiency of the deposit insurance scheme.

Operational Risk

APRA Ends Probe into HESTA Super Fund Valuation Decisions

By Mark Johnston | 20/11/2024

HESTA agreed to make payments to members affected by valuation decisions made during the early days of the Covid-19 pandemic.

Conduct, Culture & Accountability

Korea FSS Fines Shinhan Bank over Prohibited Business Conduct  

By Sanday Chongo Kabange | 13/11/2024

The FSS fined Shinhan Bank KRW 280 million and directed the bank to improve its internal controls for handling vulnerable customers.

Cybersecurity

BSP to Probe GCash Over Unauthorised Deductions

By Sanday Chongo Kabange | 12/11/2024

The unauthorised deductions incident was attributed to a “system error”, but the BSP has vowed to investigate.

Emerging Prudential Risks

APRA to Launch System-wide Stress Test in H1 2025

By Thisanka Siripala | 08/11/2024

APRA’s Therese McCarthy Hockey said the “System Risk Stress Test” will focus on risk transmission channels between banks and super funds.

Market Risk

UPDATED – New Margin Rules for OTC Derivatives Take Effect in India

By Editors | 08/11/2024

Only the VM rules have taken effect on schedule. The effective date for the IM rules has been extended to 1 April 2025.