Prudential Risk

Operational Risk

Lessons in Operational & Credit Risk Management for Exchange Members

By Boon Gin Tan | 07/09/2021

SGX RegCo’s Boon Gin Tan and Grace Mok discuss findings from a survey of exchange members. A new guide on credit risk management has also been released.

Emerging Prudential Risks

S. Korea: New FSC, FSS Chiefs to Rebuild Cooperative Relations

By Sanday Chongo Kabange | 07/09/2021

The new chiefs of the FSC and FSS held their first official meeting since taking office. They pledged to unite on issues such as household debt and Covid-19.

Climate Risk

Australian Banks to Complete First CVA Analysis by Year-End

By Editors | 06/09/2021

APRA has released a new paper describing the Climate Vulnerability Assessment now underway at Australia’s five largest banks.

Clearing & Post-Trade

SGX Finalises Changes to Default Management Process

By Editors | 05/09/2021

The changes align CDP’s default management process with global practices, improve efficiency, and enable speedier resolution of any clearing member default.

AI Risk & Governance

Singapore Launches Asian Institute of Digital Finance

By Manesh Samtani | 05/09/2021

The research institute has led efforts to develop a federated learning platform for SME credit analytics that is expected to launch by year-end.

Capital Adequacy

APRA Issues Response on Bank Data Disclosure Regime

By Sanday Chongo Kabange | 04/09/2021

APRA will disclose entity-level financial position and performance data on a quarterly basis in a new publication that will launch in Q1 2023.

Conduct, Culture & Accountability

ASIC Offer Guidance on New Complaints Handling Obligations

By Sanday Chongo Kabange | 03/09/2021

ASIC says more work is needed from superannuation trustees to comply with new internal dispute resolution standards that become enforceable in October.

Operational Risk

Mizuho Unable to Identify Cause of System Failure

By Editors | 02/09/2021

In a report to the FSA, Mizuho says it will revamp its system restoration procedures, review its customer response measures, and reassess its core banking system.

Market Risk

SAFE Assesses Bank Processes for Managing FX Volatility

By Editors | 02/09/2021

Regulators are said to be preparing for policy normalisation in major developed markets and for stimulus measures to end, which could prompt currency volatility.