ASX will consult on a new automated service that can provide greater certainty about trade and order status, and a new ‘Cancel Only’ session state.
October 25, 2022Market participants should not delay broader planning and change programmes aimed at ensuring their resilience to market outages, ASIC says.
July 5, 2022The HKMA has given banks one year to develop their operational resilience framework, and a further three years for implementation.
June 1, 2022OCBC has to apply a 1.3x multiplier to its RWA for operational risk, which translates to additional regulatory capital of S$330mn.
May 27, 2022The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.
May 26, 2022DBS has to hold SGD 930 million in additional regulatory capital until MAS is satisfied that it has addressed all shortcomings identified by an independent reviewer.
February 7, 2022Revisions to guidance on operational risk management and BCP have also been proposed to align with the operational resilience guidance.
December 23, 2021The SFC describes incidents that occurred due to failures to split teams amid the pandemic, set up phone recording, and promptly isolate a server compromised by ransomware.
October 5, 2021An independent review commissioned by ASIC and RBA found that ASX’s upgraded equity trading system was not ready to go-live.
August 24, 2021The HKMA plans to revise its SPM module on Operational Risk Management to incorporate elements of the revised PSMOR issued by the BCBS.
April 23, 2021