Operational Risk

Cybersecurity

Cybersecurity is the Biggest Risk for Global Banks: Survey

By Nithya Subramanian | 07/02/2024

The EY-IIF report says cyber threats are constantly morphing with evolving links to geopolitical, technology and third-party risks.

Credit Risk

China Issues Revised Loan Management Rules for Banks

By Manesh Samtani | 07/02/2024

The new rules will come into effect on 1 July 2024, covering fixed asset loans, working capital loans and personal loans.

Conduct, Culture & Accountability

SFC Fines PICC Asset Management for Fund Management Failures

By Sanday Chongo Kabange | 06/02/2024

The SFC penalised PICC Asset Management for failing to discharge duties as the manager of a Cayman-incorporated fund.

Operational Risk

US OCC Fines RBC’s US Unit Over Risk Management Deficiencies

By Editors | 03/02/2024

A cease-and-desist order requires the bank to take “broad and comprehensive corrective actions” to improve its strategic planning and internal controls.

Operational Risk

China Issues Reputational Risk Management Rules for Futures Firms

By Manesh Samtani | 02/02/2024

Futures companies are required to integrate reputational risk management across all departments, branches, subsidiaries, and staff.

Operational Risk

APRA Outlines Supervision and Policy Priorities for H1 2024

By Sanday Chongo Kabange | 01/02/2024

APRA’s priorities will include operational and cyber resilience, and embedding lessons from last year’s banking turmoil, among other areas.

Resolution & Recovery

UK PRA Fines HSBC Over Deposit Protection Rule Breaches

By Editors | 31/01/2024

HSBC incorrectly marked eligible accounts as “ineligible” for depositor protection. The fine is the second highest ever imposed by the PRA.

Operational Risk

HKMA to Bolster Bank Supervision With Social Media Monitoring Tool

By Manesh Samtani | 23/01/2024

The planned solution will be able to extract data from social media and websites and use NLP to analyse market sentiment and risks associated with banks.

Liquidity Risk

SEBI Plans Comprehensive Stress Tests for Equity Funds

By Ajoy K Das | 23/01/2024

Initial stress test data was found unsatisfactory. More stress tests are being planned especially for MF schemes with exposures to small and mid-cap stocks.