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

    Bangladesh Bank Issues External Auditor Rules for Banks

    By Ajoy K Das | 10/07/2024

    The central bank has stipulated that an external auditor appointed by a bank cannot audit the same bank for more than three consecutive years.

    image

    Operational Risk

    BCBS Consults on Principles for Managing Third-Party Risk

    By Editors | 10/07/2024

    The BCBS offers 12 high-level principles on the effective management and supervision of risks arising from third-party arrangements.

    image

    Operational Risk

    APRA Updates Guidance on Strategic Planning for Super Funds

    By Sanday Chongo Kabange | 04/07/2024

    The updated guidance for super funds will apply from 1 July 2025 and sets clear expectations for trustees regarding expenditure.

    image

    Cryptocurrency

    BCBS Finalises Disclosure Framework for Bank Crypto Exposures

    By Manesh Samtani | 04/07/2024

    The BCBS also approved revisions to the cryptoasset standard and IRRBB standard, and agreed to consult on principles for managing third-party risk.

    image

    Operational Risk

    APRA, ASIC Find Gaps in Super Trustees’ Retirement Strategies

    By Sanday Chongo Kabange | 04/07/2024

    ASIC and APRA have urged super trustees to strengthen oversight of retirement strategy implementation after a survey found gaps.

    image

    Resolution & Recovery

    APRA Identifies Recovery Planning Weaknesses at Super Funds

    By Editors | 02/07/2024

    APRA said improvements are needed to meet new recovery and exit planning requirements by 1 January 2025.

    image

    Credit Risk

    HKMA, IA Identify Issues With Premium Financing Practices

    By Editors | 27/06/2024

    A joint inspection exercise was conducted to assess compliance with new standards for premium financing that were implemented on 1 January 2023

    image

    Capital Adequacy

    US Fed Proposes Changes to Bank Capital Reform Plan

    By Manesh Samtani | 26/06/2024

    The Fed proposed changes to the FDIC and OCC that would significantly lessen the capital increase required of banks under the reform plan.

    Resolution & Recovery

    US Regulators Identify Shortcomings in Bank Resolution Plans

    By Editors | 25/06/2024

    BofA, Goldman, JPMorgan and Citi are required to address the identified shortcomings in their next resolution plans, due by 1 July 2025.

    image

    Credit Risk

    HKMA Consults on Revised Credit Risk Mitigation Guidelines

    By Mark Johnston | 24/06/2024

    The revised SPM module is expanded compared to the 2001 version, aimed at strengthening banks’ management of collateral or guarantees.

    JOIN OUR NEWSLETTER

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