Prudential Risk

Cybersecurity

Singapore Brokers Experience DDoS-related Disruption

By Editors | 31/10/2019

MAS said a small number of stock brokers encountered DDoS attacks last week, but only “limited disruption” resulted due to their mitigation services being activated.

Emerging Prudential Risks

Transitioning Away from IBORs: The View from Asia

By Garima Chitkara | 30/10/2019

Asian banks have a large and complex operational task ahead of them as they prepare for a post-LIBOR world after 2021, say KPMG’s Marie Gervacio and Luke Gower.

KYC & CDD

LEI Use in Onboarding Could Save Banks Up to $4bn Annually

By Editors | 30/10/2019

In addition to cost savings, LEI use in client onboarding would speed up time to revenue, improve compliance and credit risk mitigation, and enable better tracking of suspicious entities.

Credit Risk

BOJ Warns of Financial Risks from Easy Lending, CLO Exposures

By Manesh Samtani | 25/10/2019

The BOJ warns of a buildup of risks from lending to “low-return borrowers”, delayed loan restructuring, and overseas exposures to leveraged loans and CLOs.

Cybersecurity

Effective Governance, Regulation Can Mitigate Cyber Risk: Moody’s

By Manesh Samtani | 25/10/2019

Regulators can help to mitigate the cyber threat by promoting contingency planning in banking and enabling information sharing among banks and regulators.

Operational Risk

HKMA Updates Guidance on E-Banking Risk Management

By Editors | 25/10/2019

The updated supervisory policy manual seeks to strengthen risk management controls in electronic banking channels by providing more principle-based guidance.

Emerging Prudential Risks

APRA Seeks More Funding to Address Capability Review Findings

By Editors | 25/10/2019

In his opening statement to a Senate estimates hearing this week, APRA chairman Wayne Byres said the regulator will need additional resourcing to deliver on its objectives.

Liquidity Risk

BSP Announces New Round of Reserve Requirement Cuts

By Editors | 25/10/2019

The fresh 100bp RRR cut follows a 100bp cut announced last month and a three-step 200bp cut from May to July this year.

Trading & Investment

Australia: Smaller Institutions, Buy Side Less Prepared for Libor Cessation

By Manesh Samtani | 24/10/2019

Existing Libor-referencing contracts that don’t have robust fallback provisions in place will be tied up in very lengthy disputes, warned the RBA’s Christopher Kent at ISDA’s Australia Conference.