Prudential Risk

Operational Risk

BSP Revises Framework for External Auditor Selection by FIs

By Editors | 26/09/2024

The BSP has proposed draft revisions to its framework for financial institutions on the selection and appointment of external auditors.

Structural Regulation

Japan FSA Approves Merger Between Two Regional Banks

By Thisanka Siripala | 26/09/2024

Fukui Bank and Fukuho Bank are being granted JPY 3 billion in financial assistance from the government to cover the merger costs.

Cybersecurity

MAS Forms Panel of Cyber & Technology Resilience Experts

By Nithya Subramanian | 26/09/2024

The panel comprises 13 experts who will advise MAS on technology risks and threats facing the financial sector.

Supervision & Enforcement

APRA Releases New Performance Metrics for Super Funds

By Sanday Chongo Kabange | 26/09/2024

APRA seeks to improve member outcomes by bringing together performance metrics of the performance test and superannuation heatmaps.

Supervision & Enforcement

Australia to Launch Inquiry Into Collapse of Dixon Advisory

By Thisanka Siripala | 26/09/2024

The inquiry will explore the actions of individuals involved, ASIC’s response, and the implications for the CSLR.

Resolution & Recovery

MAS Issues Draft Resolution Planning Guidelines for Insurers

By Editors | 26/09/2024

The proposed guidelines elaborate on the new recovery and resolution planning requirements which come into effect on 1 January 2025.

Operational Risk

APRA Revises Reporting Requirements for Superannuation Entities

By Thisanka Siripala | 25/09/2024

The revisions will improve transparency on the super funds’ investment costs and trustees’ financial statements data.

Market Risk

APRA Remakes IRRBB Standard as Stopgap Until Revisions Take Effect

By Thisanka Siripala | 25/09/2024

APRA has remade its existing IRRBB standard so it continues to apply until 1 October 2025, when revisions to the standard take effect.

Liquidity Risk

BCBS Advances Follow-up Response to 2023 Banking Turmoil

By Editors | 25/09/2024

The BCBS has finalised a new report on the lessons learned from the 2023 banking turmoil, focusing on liquidity risk. The report will be published next month.