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Operational Risk
News on frameworks, regulations, and major events related to risks arising from internal processes, systems failures, human errors, or external disruptions.
Credit Risk
China Tightens Risk Classification Rules for Banks’ Financial Assets
By Editors | 13/02/2023
Banks must classify “all financial assets that bear credit risk” according to the degree of risk, including bond investments, interbank assets, receivables, and off-balance-sheet assets.
Conduct, Culture & Accountability
Korea FSS to Target Bank Governance in 2023 Workplan
By Editors | 09/02/2023
Among the key tasks in the workplan, the FSS will work to strengthen governance structures, compensation systems, and internal control capabilities of banks.
Operational Risk
APRA Imposes Licence Conditions on Super Fund Trustee
By Editors | 25/01/2023
In APRA’s 2022 ‘MySuper Heatmap’, only one other super fund trustee charged more in administration fees than Diversa Trustees’ product.
Trading & Investment
NYSE System Issue Causes Trading Halts on Major Stocks
By Editors | 25/01/2023
The regular opening auction “did not occur” for a number of stocks so no opening price was printed. Executed trades will be declared “null and void”.
Operational Risk
NZ FMA Publishes First Risk Assessment of Fund Management Sector
By Editors | 23/01/2023
Risk management practices and controls used by fund managers reduce overall risk but “pockets of relatively higher risk” still exist.
Resolution & Recovery
India Proposes Changes to Insolvency and Bankruptcy Code
By Editors | 19/01/2023
The simplified process currently available to small firms under the IBC will be expanded to some larger firms, among other changes.
Payments & Settlements
SEBI Issues New Standards for Handling Stock Exchange Outages
By Sanday Chongo Kabange | 15/01/2023
Outages must be reported within 15 minutes. Updates must be provided every 45 minutes. Trading hours can be automatically extended for other exchanges.
Structural Regulation
LME Blocked from Resuming Nickel Trade During Asia Hours
By Editors | 12/01/2023
The FCA thinks the LME does not have adequate supervisory controls for Asia market hours. The Oliver Wyman review has also been released.
Credit Risk
CBIRC Drafts Revisions to Loan Management Rules for Banks
By Editors | 10/01/2023
Among other measures, the rules set requirements on the maximum term of different types of loans, to help banks guard against maturity mismatch risks.
Operational Risk
BaFin Orders Deutsche Börse Entities to Remedy Deficiencies
By Editors | 10/01/2023
Business organisation and risk management deficiencies were identified at Eurex Clearing, Clearstream Banking and Clearstream Holding.
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