Operational Risk

Cloud & Infrastructure

The Compliance Complexity Driving RegTech Demand in APAC

By Ed Probst | 02/04/2024

The growing complexity of regulatory requirements including in the reporting space is prompting FIs to rethink their approach to compliance, says Ed Probst.

Operational Risk

DBS Making Good Progress on Technology Resiliency: CEO

By Nithya Subramanian | 02/04/2024

“Complete clarity” on whether transactions are successful will be made available by end-April, along with options for alternative channels when the system is down.

Cybersecurity

US Treasury Publishes Report on AI-Specific Cyber Risks

By Manesh Samtani | 28/03/2024

The report outlines measures including the development of a common AI lexicon and a data lake to help FIs train AI models to detect fraud.

Liquidity Risk

Korea to Address Maturity Mismatch Risk in Trust & Wrap Products

By Editors | 23/03/2024

Legislative amendment requires firms offering trust and wrap products to adhere to certain risk management standards and obtain additional consent from investors.

Liquidity Risk

India: Small Cap Fund Investors Would Face Redemption Delays

By Ajoy K Das | 21/03/2024

Mutual fund stress tests reveal delays of up to 30 days in liquidating a quarter of a small-cap portfolio and up to 17 days in the case of a mid-cap portfolio.

Cybersecurity

FSS Korea Unveils New Initiatives to Boost Industry’s Cyber Resilience

By Editors | 19/03/2024

The FSS will establish an “autonomous security system” that FIs will be able to use to conduct IT audits and self-inspections to identify security threats.

Conduct, Culture & Accountability

Australia: More Guidance Issued to Support FAR Implementation

By Editors | 15/03/2024

On top of guidance for banks, APRA and ASIC issued a consultation on FAR implementation for insurance and superannuation entities.

Operational Risk

APRA Removes NAB’s Capital Add-On for Operational Risk

By Sanday Chongo Kabange | 14/03/2024

APRA has removed the A$500mn capital add-on it imposed on NAB in 2019 to reflect higher operational risk identified in its risk governance self-assessment.

Model Risk

China: NAFMII Issues Guidelines for Interbank Bond Rating Agencies

By Manesh Samtani | 13/03/2024

The guidelines strengthen requirements for rating agencies to guard against conflicts of interest, improve their rating models, and enhance rating quality and accuracy.