Operational Risk

Trading & Investment

Korean Regulator Probes Sales of High Risk Derivatives

By Editors | 27/11/2023

Korean banks and brokerage firms sold equity-linked securities tied to the HSCEI, which has fallen more than 50 percent from its peak in 2021.

Structural Regulation

Indian Microfinance Body Calls Out Regulatory Gap in Fintech Lending

By Ajoy K Das | 22/11/2023

India’s MicroFinance Institutions Network has asked the RBI to intervene to ensure fintech lenders comply with microfinance regulations.

Cybersecurity

India’s UCO Bank Calls in Federal Investigators to Probe Payments Disruption

By Ajoy K Das | 19/11/2023

The CBI is being called in to investigate a possible cyber-attack or manipulation of the state-owned bank’s internal systems.

Cloud & Infrastructure

Regulatory Intervention Needed to Address Cloud Adoption Risks: BIS Paper

By Manesh Samtani | 18/11/2023

Indirect oversight of CSPs, i.e. requiring financial firms to manage the risks, “may not be sufficient from a systemic perspective”, the paper says.

Fraud, Scams & Cybercrime

BCBS Publishes Discussion Paper on Digital Fraud and Banking

By Editors | 16/11/2023

The BCBS is seeking comments and feedback from stakeholders beyond the banking sector to better understand the status of digital fraud as well as its mitigants.

Operational Risk

S&P Global Market Intelligence Awarded Best Due Diligence & Third-Party Risk Solution

By Editors | 14/11/2023

S&P Global Market Intelligence was recognised for its KY3P integrated suite of solutions for managing end-to-end third-party risk.

Clearing & Post-Trade

SmartStream Technologies Awarded Best Corporate Actions Solution 

By Editors | 14/11/2023

Technologies was recognised for its TLM Corporate Actions and TLM Corporate Actions OnDemand platforms.

Anti-Money Laundering

Accenture Awarded Consulting Firm of the Year for Banking 

By Editors | 14/11/2023

Accenture was recognised for its work with multiple systemically important and other banks in areas ranging from financial crime compliance

Supervision & Enforcement

China Imposes Industry Wide Obligations to Prevent Crime Within Banks, Insurers

By Editors | 13/11/2023

New NFRA notice requires the establishment of internal controls and governance structures specifically designed to prevent criminal cases involving banks and insurers.