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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.
Liquidity Risk
Korea FSS Conducting Daily Checks on Bank FX Liquidity
By Editors | 09/09/2022
While foreign currency liquidity levels at local banks have remained high, the FSS wants to be able to detect signs of a future liquidity shortage early.
Cloud & Infrastructure
HKMA Issues Guidance on Managing Cloud Computing Risks
By Manesh Samtani | 02/09/2022
Banks’ agreements with CSPs should ensure the HKMA can access information stored in the cloud and relevant risk management controls for on-site examinations.
Operational Risk
ORX, McKinsey Launch Operational Risk Control Library
By Editors | 01/09/2022
The ORX Reference Control Library contains 761 typical operational risk controls based on data collected from nearly 50 banks and insurers.
Liquidity Risk
APRA Frees Westpac from Add-on Liquidity Requirement
By Editors | 01/09/2022
The liquidity add-on was imposed in 2020 in response to breaches which APRA said demonstrated weaknesses in the bank’s risk management and oversight.
Cloud & Infrastructure
HKMA to Launch API Link from CCRA to CDI in Q4
By Manesh Samtani | 01/09/2022
Banks are encouraged to access credit data in the CCRA database via the CDI, to help them automate credit approvals and enhance efficiency.
Credit Risk
SEBI Enhances Disclosure Rules for Credit Rating Agencies
By Editors | 31/08/2022
The changes will enhance the transparency and usability of disclosures made by CRAs, SEBI said.
Operational Risk
BIS Examines Adequacy of Operational Resilience Requirements
By Editors | 31/08/2022
Bigtech groups that are interconnected within the financial industry should be subject to group-wide requirements on operational resilience.
Resolution & Recovery
China: Two Liaoning Bank Enter into Bankruptcy Proceedings
By Editors | 30/08/2022
Liaoning authorities say that the two banks violated laws and regulations, disrupted local financial order, and brought about “serious risks”.
Market Data & Technology
APRA Relaxes Phase 2 Timelines of Superannuation Data Project
By Editors | 29/08/2022
The overall consultation timeline for Phase 2 of the Superannuation Data Transformation project is being extended from 9 months to 14 months.
Operational Risk
Better Governance Needed to Promote Bank Soundness: RBI
By Editors | 28/08/2022
A new study suggests public sector banks may need greater autonomy to improve their governance structures.
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