Prudential Risk

Resolution & Recovery

Bangladesh Bank Forms Task Force on Banking Sector Reforms

By Ajoy K Das | 17/09/2024

The task force, led by BB governor Ahsan H Mansur, will assess current conditions in the banking sector and propose regulatory reforms.

Fraud, Scams & Cybercrime

Singapore Probes Payment Delays at E-Commerce Platform

By Nithya Subramanian | 16/09/2024

After Qoo10 failed to pay merchants in South Korea, there are reports of payment delays also affecting small vendors in Singapore.

Operational Risk

Japan FSA Calls on Banks to Improve Internal Audit Function

By Thisanka Siripala | 16/09/2024

Japanese FIs are directed to refer to the IIA’s Global Internal Audit Standards to enhance their internal audit functions, by 1 January 2025.

Cybersecurity

FINRA Warns of Rising Cyber Risks from Outsourced Services

By Nithya Subramanian | 16/09/2024

FINRA warns of threats from data breaches, zero-day vulnerabilities, weather-related outages, and social engineering campaigns.

Capital Adequacy

Korea to Introduce Stress Buffer Capital Requirement for Banks

By Thisanka Siripala | 13/09/2024

The requirement will apply to 17 commercial banks and eight financial holding firms, requiring them to hold extra capital based on their stress test results.

Capital Adequacy

UK Publishes 2nd Policy Statement on Basel III Implementation

By Manesh Samtani | 13/09/2024

The new rules will come into force on 1 January 2026, which is six months later than was stated in the December proposal.

Capital Adequacy

Fed Official Outlines Revised ‘Basel Endgame’ Plans

By Manesh Samtani | 11/09/2024

Capital levels for G-SIBs would be raised by 9 percent, substantially less than the 19 percent in last July’s proposal.

Capital Adequacy

APRA Proposes to Move Away from AT1 Capital Instruments

By Thisanka Siripala | 10/09/2024

APRA is proposing to phase out AT1 capital instruments in favour of more reliable forms of capital, such as Tier 2 and CET1 capital.

Operational Risk

FSS Korea Launches Operational Risk Management Task Force

By Manesh Samtani | 10/09/2024

The taskforce aims to develop operational risk management standards, guidelines, and implementation plans for the banking, insurance, cards, and IT sectors.