Prudential Risk

Fraud, Scams & Cybercrime

UK PSR Rejects Calls to Delay Fraud Reimbursement Rules

By Editors | 11/06/2024

Interim head of the PSR, David Geale, said there was a need to “act quickly” on APP fraud and that the new rules would be introduced in October as planned.

Resolution & Recovery

Credit Suisse Bondholders Sue Switzerland in New York Court

By Nithya Subramanian | 08/06/2024

The lawsuit accuses Switzerland of “unjustly violating the property rights” of holders of Credit Suisse AT1 bonds.

Trading & Investment

IOSCO Releases Final Report on Handling Market Outages

By Nithya Subramanian | 06/06/2024

The report offers five good practices to improve trading venues’ preparedness for and resilience to market outages.

Cloud & Infrastructure

ECB Consults on Guidance for Outsourced Cloud Services

By Mark Johnston | 05/06/2024

The guide covers governance of cloud services, disaster recovery, data security and confidentiality, exit strategy, and other areas.

Operational Risk

APRA Fines Superannuation Trustee for Late Reporting

By Sanday Chongo Kabange | 05/06/2024

APRA said Equity Trustees Superannuation lodged 15 reporting forms late for two funds under its trusteeship.

Resolution & Recovery

BSP Directs All Banks to Submit Recovery Plans by 30 June

By Sanday Chongo Kabange | 05/06/2024

The requirements on the submission of recovery plans are also applicable to thrift, rural, and cooperative banks.

Operational Risk

DBS Experienced Service Disruption on Saturday – Report

By Nithya Subramanian | 04/06/2024

A spokesperson said a “small number” of users experienced network issues when accessing DBS/POSB digibank mobile services on Saturday.

Liquidity Risk

Bank Indonesia Expands Incentives for Priority Sector Lending

By Editors | 03/06/2024

BI is providing larger discounts on reserve requirements to lenders that provide credit to certain sectors such as housing and green finance.

Cybersecurity

APRA Identifies Common Gaps in Data Backup Practices

By Sanday Chongo Kabange | 03/06/2024

APRA outlined some common issues and directed regulated entities to review their backup arrangements and address identified gaps promptly.