Operational Risk

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

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    Operational Risk

    CROs in Asia-Pacific Concerned About Operational Resilience: Survey

    By Nithya Subramanian | 28/02/2024

    The latest findings by EY and IIF revealed that bank CROs are most worried about technology risk, a key driver of operational disruptions.

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    Structural Regulation

    India Amends Rules to Strengthen Safeguards in NPS Ecosystem

    By Ajoy K Das | 26/02/2024

    The PFRDA has amended its regulations to improve governance and risk management at trustee banks and central recordkeeping agencies.

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    Trading & Investment

    FSS Korea Clarifies Role in Seeking Redress for Investors

    By Editors | 21/02/2024

    FSS responds to calls for a court, rather than the regulator, should prepare compensation plans for investors in loss-making ELS products.

    Conduct, Culture & Accountability

    Regulators Face Culture Challenges Just Like Those They Regulate: Report

    By Manesh Samtani | 20/02/2024

    New Starling Insights report argues says regulators suffer from the same cultural and behavioral ills that trouble the firms they oversee.

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    Operational Risk

    APRA Consults Again on Super Fund Financial Resources Rules

    By Sanday Chongo Kabange | 19/02/2024

    APRA’s new consultation proposes a “simpler approach” to its operational risk financial requirement (ORFR).

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    Cybersecurity

    Korea Launches “Mock” Hacking Exercise Against Banks

    By Manesh Samtani | 16/02/2024

    Unlike conventional tabletop exercises that involve pre-agreed scenarios, the exercise will involve surprise hacking attempts against banks by ‘white hat’ hackers.

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    Operational Risk

    APAC Regulators to Prioritise Resilience in 2024: Report

    By Ranamita Chakraborty | 14/02/2024

    Deloitte Regulatory Outlook says financial firms should be proactive in assessing capital adequacy and liquidity.

    Credit Risk

    India: RBI Deputy Governor Urges NBFCs to Monitor P2P Lending

    By Ajoy K Das | 13/02/2024

    Deputy Governor M Rajeshwar Rao cautioned that shady business practices and breach of licensing conditions in P2P lending in NBFCs were not acceptable.

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    Liquidity Risk

    CSRC Designates 13 Funds as “Major” Money Market Funds

    By Editors | 10/02/2024

    The funds will have to comply with stricter regulatory requirements under rules jointly issued with the PBOC in February 2023.

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    Emerging Prudential Risks

    US Regulators Expand Reporting Requirements for Private Funds

    By Manesh Samtani | 10/02/2024

    The amendments will require detailed reporting on hedge funds’ concentrated positions, counterparty exposures and financing arrangements.

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