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News on frameworks, regulations, and major events related to risks arising from internal processes, systems failures, human errors, or external disruptions.
Clearing & Post-Trade
ASX Commits to Providing Certainty on Stability of CHESS
By Sanday Chongo Kabange | 16/12/2022
ASIC and the RBA asked ASX to issue a special audited report detailing arrangements to ensure the stability, security and resilience of the existing CHESS system.
Liquidity Risk
APRA Finalises Expectations on Holding Contingent Liquidity
By Manesh Samtani | 11/12/2022
MLH ADIs with more than A$1bn in liabilities are expected to reduce self-securitised assets held as contingent liquidity to at least 10% of total deposits and short-term wholesale liabilities.
Capital Adequacy
APRA Finalises New Standard on Public Disclosures by Banks
By Manesh Samtani | 09/12/2022
The standard, which will require disclosure of remuneration arrangements, will become effective from 1 January 2025, 12 months later than initially proposed.
Emerging Prudential Risks
BCBS Issues Guidance on Capturing Climate Risks in Pillar 1 Standards
By Editors | 09/12/2022
The FAQs cover RWA calculations for credit risk, operational risk, and market risk, as well as considerations for meeting LCR requirements.
Operational Risk
BNM Consults on Rules for Calculating Operational Risk Capital
By Editors | 06/12/2022
The rules are expected to come into effect on 1 January 2025. BNM has asked whether the proposed implementation date is feasible.
Conduct, Culture & Accountability
CBIRC Expands Corporate Governance Evaluation System for FIs
By Editors | 05/12/2022
The evaluation indicators were revised to increase focus on areas such as major shareholders, party leadership, shareholder equity, related transactions, and director nomination.
Cryptocurrency
Singapore Deputy PM Defends Temasek Over FTX Loss
By Manesh Samtani | 01/12/2022
The FTX loss is disappointing, but it does not imply that the governance system is not working, deputy PM Lawrence Wong said.
Operational Risk
APRA Publishes ‘One-stop Shop’ Guidance for Directors of ADIs
By Editors | 30/11/2022
The guide brings together all of the standards and PPGs needed to help directors navigate requirements that are specific to them, APRA said.
Data Privacy
Hong Kong Launches Platform to Accommodate Multiple CRAs
By Manesh Samtani | 29/11/2022
The Credit Reference Platform is a key step towards introducing multiple CRAs in Hong Kong, a plan set into motion by TransUnion’s 2018 data breach.
Cybersecurity
HKMA Issues Guidance on Protecting Against DDoS Attacks
By Editors | 28/11/2022
The guidance focuses on risk assessment, anti-DDoS control architecture, third party governance, and incident response and escalation.
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