Prudential Risk

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    Operational Risk

    Operational Resilience, Skills Key to Banks’ Technological Sophistication – MAS

    By Jill Wong | 03/10/2023

    The MAS’s Vincent Loy highlights the operational challenges facing banks as they seek to build technology skills and sophistication.

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    Liquidity Risk

    Japan to Test Banks’ Resilience Against Social Media-Driven Runs

    By Mark Johnston | 03/10/2023

    Japan’s FSA plans to test the resilience of around 20 banks against social media-fuelled runs, responding to the failure of Silicon Valley Bank in the US.

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    Payments & Settlements

    MAS Querying DBS Regarding Disruption of Payment Services

    By Mark Johnston | 03/10/2023

    MAS is following up with DBS to identify the root cause of a disruption to the bank’s FAST and PayNow services last week.

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    Resolution & Recovery

    MAS Proposes Recovery & Resolution Planning Requirements for Insurers

    By Editors | 03/10/2023

    MAS plans to issue a new notice setting out requirements for insurers to prepare and test recovery plans, and enhance its resolution powers for the insurance sector.

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    Resolution & Recovery

    US, Korea to Cooperate on Risk Monitoring, Resolution Planning

    By Sanday Chongo Kabange | 02/10/2023

    The FDIC and KDIC will cooperate on risk monitoring, crisis management and resolution planning for FIs with operations in both countries.

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    Emerging Prudential Risks

    BOE Plans to Create Permanent Lending Facility for Non-bank FIs

    By Editors | 02/10/2023

    BOE executive director Andrew Hauser said there was an urgent need to fill gaps in the central bank’s liquidity toolkit.

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    Liquidity Risk

    NZ FMA Updates Liquidity Risk Management Guidance for Funds

    By Editors | 02/10/2023

    The proposed guidance makes clear that effective liquidity risk management is a legal obligation of MIS managers and supervisors.

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    Emerging Prudential Risks

    AMRO Launches ASEAN+3 Finance Think Tank Network

    By Editors | 02/10/2023

    The network will serve as a platform to foster cooperation and research toward regional macroeconomic and financial resilience and stability.

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    Stablecoins

    Fed Report Assesses Financial Stability Risks of Stablecoins

    By Mark Johnston | 01/10/2023

    In a separate note, JP Morgan says the Fed’s decision to prevent stablecoins from accessing its overnight facilities could risk disruption in funding markets.

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    Cybersecurity

    FIA Issues Recommendations for Strengthening Cyber Resilience

    By Manesh Samtani | 29/09/2023

    The recommendations were developed based on input from a taskforce formed by FIA in March, in response to a ransomware attack against ION Markets.

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