Increasing banks' resilience to absorb shocks from operational risks will provide additional safeguards to the financial system as a whole, the BCBS says.
April 1, 2021The new guidelines follow last month's trading halt at the NSE. The exchange has submitted a root cause analysis to SEBI.
March 25, 2021The plan includes a 'recovery and strengthening' objective, and measures to support the use of liquidity enhancement tools for businesses affected by Covid-19.
February 17, 2021Individual contributions by asset managers towards the new LPCC will be calculated based on their AUM in open ended debt-oriented mutual fund schemes.
February 8, 2021During the pandemic, there was a strong link between the prevalence of work-from-home arrangements and the incidence of cyber attacks, particularly at financial institutions.
January 15, 2021ASIC is concerned Chi-X as an alternative venue did not see more trading activity during ASX's November outage, as would be expected given participants' best execution duty to clients.
December 22, 2020An outage or failure at a single third party could create a single point of failure with potential adverse consequences for financial stability, the FSB says.
November 10, 2020All financial advice providers will have to meet the standard conditions to obtain a full licence when the new advice regime takes effect on 15 March 2021.
November 9, 2020The DSB has expanded its Technology Advisory Committee to reflect the geographic diversity that will underpin the global UPI implementation effort.
October 29, 2020The FSC will require big financial firms to be able to restore operations within four hours after a disaster (possibly less for securities firms), among other measures.
August 11, 2020