Operational Risk

Cybersecurity

APRA Identifies Defective Cyber Controls at NGS Super

By Sanday Chongo Kabange | 08/12/2023

APRA said multiple reviews identified deficiencies in NGS’ compliance with its standards on information security.

Market Risk

BCBS Says it Will Launch Three New Consultations

By Manesh Samtani | 08/12/2023

The consultations will deal with the standards for crypto assets, interest rate risk in the banking book, and window-dressing by G-SIBs.

Capital Adequacy

Hong Kong IA Consults on Subsidiary Rules for Risk-based Capital Regime

By Sanday Chongo Kabange | 08/12/2023

The IA is consulting on two subsidiary rules to tie in with the implementation of a risk-based capital regime for insurers set to commence next year.

Emerging Prudential Risks

Geopolitical Risk Seen as Top Risk to Financial Industry in 2024

By Editors | 08/12/2023

As many as 47% of respondents cited geopolitical risk as the number one risk impacting the global financial system in 2024.

Operational Risk

China Issues Operational Risk Guidelines for Securities Industry

By Manesh Samtani | 06/12/2023

Any major operational risk event that occurs must be reported to the SAC on the same day, along with related impacts and response measures.

Capital Adequacy

Singapore Banks Cite Market, Operational Risks as Basel III Challenges

By Nithya Subramanian | 05/12/2023

With MAS implementing the last phase of Basel III requirements from July 2024, local banks have installed strong controls and programmes to ensure compliance.

Operational Risk

FSB Finalises Third-Party Risk Management Toolkit

By Editors | 05/12/2023

Tools are provided to help FIs identify critical services and manage third-party risks, and to help regulators supervise such risks.

Operational Risk

APRA Consults on Next Phase of Super Fund Reporting Requirements

By Editors | 30/11/2023

The new collections will include data on trustee boards, product distribution arrangements, investment governance, investment manager costs, and financial statements.

Operational Risk

Banks Struggling to Implement Operational Resilience Standards: BCBS

By Manesh Samtani | 29/11/2023

The BCBS says full adoption of the Principles for Operational Resilience and revised Principles for the Sound Management of Operational Risk may take until at least 2025.