All posts tagged "Covid-19"
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130Big PictureCovid-19 Has Changed the Cyber Threat Landscape: BIS
During 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, 2021 -
79Capital RegulationRBI Warns of Deteriorating Asset Quality, Capital Buffers
Stress tests indicate 4 banks may fail to meet minimum capital requirements by September 2021 under the baseline scenario.
January 15, 2021 -
89Big PictureDTCC Outlines Key Risk Management Priorities for FMIs
In a new white paper, DTCC highlights the need for financial market infrastructures to focus on risks created or exacerbated by the impact of the pandemic.
January 14, 2021 -
92Asia-PacificBSP Deploys New Supervisory Assessment Framework
SAFr aims to facilitate forward-looking assessments of financial institutions and link their systemic importance and risk profile to the level of supervisory attention they receive.
January 13, 2021 -
126Australia & NZASIC Approves Variations to Banking Code of Practice
The changes extend the Covid-19 Special Note for six months to September 2021, and amend definitions to bring more small businesses into scope.
January 11, 2021 -
162AML / KYCHK Customs Flags Money Laundering Risk from Money Changers
Amid the pandemic, some criminal actors have turned to licensed money changers, who were more easily lured into criminal activities as their businesses suffer.
January 8, 2021 -
115Australia & NZATO Reviews Superannuation Withdrawals for Rule Breaches
The ATO will consider applying penalties for wrongful superannuation withdrawal only in serious cases where an applicant has deliberately applied, knowing they were not eligible.
January 6, 2021 -
198Australia & NZNew Foreign Investment Regime Takes Effect in Australia
Foreign investors are required to seek approval for all investments in sensitive national security land or businesses (including starting such a business) regardless of value.
January 5, 2021 -
85Asia-PacificBOT Eases SME Access to Soft Loan Programme Amid Pandemic
The BOT has adjusted its definition of business groups to provide SMEs easier access to funding and will allow them to apply twice.
January 5, 2021 -
89EnforcementIOSCO Issues Guidance on Addressing Misconduct During Stress Events
Extreme price volatility, profitability pressures, psychological stressors, remote working and aggressive advertising were some of the drivers of misconduct risk during the pandemic.
December 31, 2020
