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

    Thai SEC Developing Stress Test for Capital Market Participants

    By Mark Johnston | 17/10/2023

    The SEC is collaborating with securities firms and asset managers to develop a stress test to assess risks and vulnerabilities in the industry.

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    Payments & Settlements

    Mitigating Settlement Risk in a Fragmented World

    By Marc Bayle de Jessé | 17/10/2023

    Marc Bayle de Jessé discusses work underway to address settlement risks in FX transactions and what more needs to be done.

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    Cloud & Infrastructure

    Singapore Data Centre Issue Causes DBS, Citibank Disruptions

    By Editors | 16/10/2023

    The Saturday disruption was caused by an issue at an Equinix data centre that is used by multiple organisations.

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    Supervision & Enforcement

    Korea FSS to Continue ‘High-intensity Supervision’ of Banks

    By Editors | 15/10/2023

    The FSS shared the results of self-inspections by banks to assess their internal controls for preventing embezzlement and other ‘financial accidents’.

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    Operational Risk

    Banks Must Invest and Adapt to Changing Risks: Report

    By Nithya Subramanian | 11/10/2023

    As new technologies, players and risks emerge, global governments are broadening and deepening regulatory oversight, says a McKinsey report.

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    Cloud & Infrastructure

    The Philippines Banks on Cloud Adoption for Operational Resilience

    By Ranamita Chakraborty | 11/10/2023

    BSP’s Jovelyn Hao shares at a conference how the Philippine central bank sees cloud adoption as an enabler for banks’ operational resilience.

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    Clearing & Post-Trade

    ASX Pledges to Remediate Issues Identified in RBA Assessment

    By Manesh Samtani | 09/10/2023

    The RBA said ASX has been operating at a “heightened level of overall risk level for an extended period” and this needs to be addressed “promptly”.

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    Structural Regulation

    HK Wealth Firms See Regulatory Environment Improving

    By Manesh Samtani | 09/10/2023

    More than 80% of PWMA member firms surveyed expect the new framework for sophisticated professional investors to bring a positive impact.

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    Emerging Prudential Risks

    BCBS to Issue New Consultations on Climate, Crypto Disclosures

    By Editors | 06/10/2023

    Consultation on bank disclosures of crypto exposures coming “soon”. Consultation on Pillar 3 disclosures for climate-related financial risks coming in November.

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    Capital Adequacy

    BCBS Reports “Good Progress” on Basel III Implementation

    By Manesh Samtani | 04/10/2023

    The Basel III implementation dashboard shows progress by Singapore, South Korea, Japan, Australia, Indonesia and India.

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