ADVERTISEMENT
Operational Risk
News on frameworks, regulations, and major events related to risks arising from internal processes, systems failures, human errors, or external disruptions.
Operational Risk
Credit Suisse Identifies “Material” Financial Reporting Weaknesses
By Editors | 15/03/2023
The weaknesses related to a “failure to design and maintain an effective risk assessment process to identify and analyse the risk of material misstatements”.
Cybersecurity
CFTC to Develop Stronger Rules to Address Cyber Risk
By Editors | 12/03/2023
The CFTC is seeking to require derivatives dealers to exercise more due diligence and oversight of the third-party service providers.
Cybersecurity
FIA to Form New Global Taskforce in Response to ION Outage
By Manesh Samtani | 08/03/2023
The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.
Credit Risk
CBIRC Amends Policy on Joint Lending by Banking Institutions
By Editors | 08/03/2023
The move is aimed at stopping companies from using multiple banks to obtain “excessive financing”, and helping banks to strengthen credit management and risk controls.
Conduct, Culture & Accountability
BIS Paper Takes Stock of Individual Accountability Regimes
By Manesh Samtani | 08/03/2023
The paper introduces the concept of the “accountability stack”, which presents a broad range of regulatory instruments and supervisory tools that target individual accountability.
Cybersecurity
SEBI Issues New Advisory on Cybersecurity Practices
By Editors | 28/02/2023
The advisory calls on firms to take into account concentration risk when outsourcing multiple critical services to the same third party vendor.
Liquidity Risk
China Tightens Rules for ‘Major’ Money Market Funds
By Editors | 21/02/2023
Money market funds with over CNY 200 billion in net assets or over 50 million investors will have to meet additional regulatory requirements and enhance their ability to resist risks.
Capital Adequacy
China Drafts Revised Capital Management Rules for Banks
By Editors | 20/02/2023
The new rules propose to classify banks into three categories based on their business scale and risk levels and treat them differently based on their classification.
Clearing & Post-Trade
US SEC, CFTC Penalise OCC Over Internal Rule Violation
By Editors | 19/02/2023
As a result of certain deficiencies, the Options Clearing Corp’s clearing fund was “underfunded” at various times between October 2019 and May 2021.
Clearing & Post-Trade
UK CCPs Directed to Update Outsourcing Agreements by Feb 2024
By Mark Johnston | 19/02/2023
New supervisory statement requires UK CCPs to update legacy outsourcing agreements by by 9 February 2024.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.