Operational Risk

Operational Risk

OCBC Suffers Near Four-hour Bank Service Outage

By Editors | 28/08/2023

OCBC’s internet and mobile banking platforms were disrupted from around 8.30am until around 12.20pm on Monday.

Operational Risk

SFC Finalises Risk Management Guidelines for Futures Brokers

By Sanday Chongo Kabange | 28/08/2023

The new guidelines will take effect from 25 February 2024. An additional 12 months will be provided for certain changes.

Operational Risk

APRA to Punish Failures to Meet Operational Resilience Expectations

By Mark Johnston | 26/08/2023

APRA’s Therese McCarthy Hockey said additional capital requirements will be imposed on entities found to be “significantly wanting” in compliance.

Clearing & Post-Trade

CPMI-IOSCO Takes Stock of CCP Practices for Addressing Non-default Losses

By Editors | 24/08/2023

CPMI and IOSCO intend to publicly consult on further guidance for CCPs on addressing NDLs arising from scenarios like system outages and cyber attacks.

Operational Risk

HKMA, AFRC Sign MoU to Strengthen Cooperative Arrangements

By Editors | 17/08/2023

Collaboration will strengthen through case referrals, mutual assistance, capacity building and exchange of information.

Cryptocurrency

FDIC Adds Crypto as Key Risk in Annual Review Report

By Editors | 17/08/2023

The FDIC says it has developed processes to engage in “robust supervisory discussions” with banks on crypto-asset risks.

Climate Risk

RBNZ Publishes ‘Too Little, Too Late’ Climate Stress Test Scenario

By Editors | 15/08/2023

The climate stress test scenario is titled ‘Too Little, Too Late’ because of the lengthy delay in enacting meaningful global climate policies.

Liquidity Risk

KDIC to Automate Deposit Monitoring to Avert Run Risk

By Sanday Chongo Kabange | 11/08/2023

Korea Deposit Insurance Corp is seeking to establish a monitoring system for deposits at local savings banks to ensure financial stability.

Emerging Prudential Risks

APRA Refocuses Policy Priorities on Financial Stability of Banks

By Sanday Chongo Kabange | 10/08/2023

For the rest of 2023, APRA is prioritising “immediate actions to strengthen standards for bank financial stability issues”.