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Operational Risk
RBI Identifies Faults in Risk, Compliance, Audit Functions
By Sanday Chongo Kabange | 05/04/2022
The RBI has bolstered its supervisory focus at banks amid findings of compliance, risk management and internal audit weaknesses.
Emerging Prudential Risks
APRA Advances to Phase 2 of Superannuation Data Transformation
By Editors | 05/04/2022
Phase 2 will deliver more data on retirement outcomes, performance, efficiency, governance, risk management practices, fund operations and industry risks.
Structural Regulation
HDFC to Seek Regulatory Approval to Merge Into Banking Unit
By Editors | 05/04/2022
The merger is made possible by regulatory guidelines issued last year which reduced the arbitrage NBFCs have enjoyed over banks while also allowing large NBFCs to become banks.
Trading & Investment
Korea Transitions MMFs to Mark-to-Market Valuation
By Editors | 05/04/2022
MMFs will still be allowed to use the book value method if more than 30 percent of their assets are ‘stable assets’, the definition of which has been expanded.
Structural Regulation
CBIRC Fines 21 Banks for Data Reporting Failures
By Editors | 04/04/2022
State-owned banks including BOC, CDB, ICBC and CCB were fined a total of USD 13.8 million for data quality and reporting issues.
Operational Risk
BSP Allows Trust Companies to Outsource Internal Audit Function
By Sanday Chongo Kabange | 04/04/2022
The BSP says trust companies can use the internal audit function of a parent bank or NBFI, or outsource internal audit activities to an external firm.
Liquidity Risk
Korea to Allow Some Regulatory Relaxations to Expire in Three Months
By Sanday Chongo Kabange | 03/04/2022
Banks can continue to total hold LCR at 85% for three more months, following which the FSC will raise the total LCR requirement back to 100% in steps.
Market Risk
BOJ to Increase Bond Buying Despite Strain on Businesses
By Editors | 03/04/2022
The BOJ will increase the size of its buy-buying operations in the April-to-June quarter, despite pressure on the yen that is harming businesses.
Operational Risk
BCBS Expresses Concerns About Fourth Party Technology Risks
By Editors | 01/04/2022
Banks and supervisors are concerned that a lack of complete supply chain transparency may increase operational risk.
Emerging Prudential Risks
FSB Publishes Work Programme for 2022
By Editors | 31/03/2022
Key focus areas include work to address Covid-19 scarring effects, enhance cross-border payments, and address financial risks from climate change.
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