Operational Risk

Operational Risk

APRA Finalises Methodology for Combining MySuper Performance Histories

By Mark Johnston | 10/08/2023

The methodology will apply in the MySuper performance test, for situations such as product mergers or closures where performance histories must be combined.

Stablecoins

Fed Unveils New Supervision Programme for Banks Engaging With Crypto

By Manesh Samtani | 10/08/2023

The Fed requires banks to obtain a written notification of supervisory nonobjection before engaging in activities involving stablecoins.

Operational Risk

Banks Showing Lowest Operational Risk Losses in Years: ORX

By Editors | 08/08/2023

While 2022 gross operational risk losses were the lowest since 2017, an increase in fraud is driving up annual loss frequency, ORX says.

Trading & Investment

UK FCA Publishes Supervisory Strategy for Principal Trading Firms

By Mark Johnston | 05/08/2023

The FCA underlines operational resilience and Brexit’s implications among its its key supervisory priorities for principal trading firms.

Emerging Prudential Risks

BIS Paper Draws Lessons from HKMA Approach to NBFI Monitoring

By Manesh Samtani | 03/08/2023

The HKMA framework highlights how multiple data sources can be used to extract valuable information and signals for timely NBFI monitoring.

Payments & Settlements

RBI Fines State-run Energy Firms for Reporting Foreign Investments Late

By Editors | 02/08/2023

The RBI fined the four companies a combined $240mn for their delay in reporting overseas investments.

Conduct, Culture & Accountability

APRA Finalises New Requirements on Remuneration Disclosures

By Sanday Chongo Kabange | 02/08/2023

New requirements to disclose information on remuneration frameworks, design, governance and outcomes will take effect from 1 January 2024.

Operational Risk

China NFRA Updates Rules on Operational Risk Management

By Manesh Samtani | 28/07/2023

The rules implement “differentiated regulatory requirements” based on an institution’s development strategy, business scale, complexity, and risk status.

Capital Adequacy

US Regulators Propose Stricter Rules on Bank Capital

By Manesh Samtani | 28/07/2023

Fed governor Michelle Bowman said there is “insufficient evidence” that the benefits produced by the proposals would justify the costs.