Prudential Risk

Resolution & Recovery

Malaysia Establishes Policy on Recovery and Resolution Planning

By Editors | 31/07/2021

Financial institutions will be required to submit their first recovery plans within 18 months from the date they receive a request from BNM.

Clearing & Post-Trade

ASX Launches Compression Service for OTC Derivatives

By Ranamita Chakraborty | 30/07/2021

In recent years, demand for compression services has risen as market participants look to lower capital costs associated with balance sheet-intensive derivatives.

Fraud, Scams & Cybercrime

Family Offices Should Start Behaving Like Regulated Entities

By Marie Gervacio | 30/07/2021

Family offices should be reviewing their governance and risk management frameworks in light of the Archegos collapse, says Marie Gervacio.

Cybersecurity

NZ FMA Issues Cyber Resilience Guidance for Financial Advisers

By Sanday Chongo Kabange | 30/07/2021

Under New Zealand’s new financial advice regime, many individuals and entities have not previously been subject to compliance obligations for cybersecurity.

Operational Risk

Independent Report Finds Risk Control Failures at Credit Suisse

By Sanday Chongo Kabange | 30/07/2021

The report indicates that the risks were known, but responsible parties in the first and second lines simply failed to act.

Capital Adequacy

MAS Ends Dividend Cap for Banks, Finance Companies

By Editors | 29/07/2021

Local banks and finance companies should still exercise continued prudence in their discretionary distributions, and prioritise support to customers.

Emerging Prudential Risks

Australia: Mutual Banks Face “Avalanche” of Regulatory Change

By Manesh Samtani | 28/07/2021

A new benchmarking report from GRC Solutions highlights the challenges incoming regulatory requirements are presenting to the mutual banking sector.

Market Risk

FRTB May Constrain Growth of Carbon Trading Market

By Manesh Samtani | 28/07/2021

ISDA suggests in a new paper that the risk weight for carbon certificates under FRTB should be reduced and the tenor correlation parameter should be increased.

Liquidity Risk

Thailand SEC Issues New Rules on Fund Liquidity Management

By Editors | 28/07/2021

Asset managers have until 1 January 2022 to have a board-approved policy in place and ensure the availability of sufficient liquidity management tools.