Operational Risk

Conduct, Culture & Accountability

UK Regulators Announce Removal of Banker Bonus Cap

By Editors | 25/10/2023

The BOE and FCA have scrapped rules for banks, building societies, and investment firms which cap bonuses at twice annual salary.

Operational Risk

SEBI Issues Guidelines to Boost Operational Resilience of QRTAs

By Editors | 23/10/2023

QRTAs are required to declare a disaster within 30 minutes of an incident and must be able to switch to the DRS within 45 minutes.

Credit Risk

ECB Publishes Guidance on Counterparty Credit Risk Management

By Mark Johnston | 21/10/2023

Banks dealing with hedge funds and family offices should set up daily monitoring and additional risk control processes to manage those CCR exposures.

Operational Risk

Singapore’s DBS Experiences Digital Payment Service Disruption

By Editors | 21/10/2023

The 20 October disruption to the bank’s PayLah service came less than a week after a weekend outage that lasted more than 12 hours.

Operational Risk

MAS Instructs DBS, Citi to Investigate Delayed Recovery from Outage

By Editors | 19/10/2023

The banks took longer than the required four hours to recover from last Saturday’s outage. MAS said it will take appropriate supervisory actions after gathering the necessary facts.

Operational Risk

Kakao Faces Possible Class Action Over Data Centre Fire

By Mark Johnston | 18/10/2023

Lawyer says Kakao owes compensation to users of its platforms who were affected by a fire at its data centre last year.

Supervision & Enforcement

RBI Imposes Record Penalty on ICICI Bank for Rule Violations

By Sanday Chongo Kabange | 18/10/2023

The penalty against ICICI Bank was more than all the combined penalties imposed by the RBI on private banks for fiscal year 2023.

Payments & Settlements

Japan FSA Orders Report Explaining Zengin-Net Outage

By Sanday Chongo Kabange | 18/10/2023

Zengin-Net has to produce a report explaining last week’s outage and measures taken to prevent a recurrence.

Cryptocurrency

US SEC Publishes 2024 Examination Priorities Report

By Editors | 17/10/2023

Focus areas will include crypto-related securities, automated investment tools, artificial intelligence, trading algorithms, and investment adviser conduct.