All posts tagged "incident management"
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313Australia & NZASIC Calls on Industry to Bolster Resilience to Market Outages
Market participants should not delay broader planning and change programmes aimed at ensuring their resilience to market outages, ASIC says.
July 5, 2022 -
699FeatureHK Banks Given Four Years to Achieve Operational Resilience
The HKMA has given banks one year to develop their operational resilience framework, and a further three years for implementation.
June 1, 2022 -
607Capital / LiquidityMAS Raises OCBC Capital Requirement for Scam Incident
OCBC has to apply a 1.3x multiplier to its RWA for operational risk, which translates to additional regulatory capital of S$330mn.
May 27, 2022 -
342Market InfrastructureBSP Issues Draft Operating Rules for RTGS Payment System
The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.
May 26, 2022 -
605EnforcementMAS Imposes Capital Surcharge on DBS for November Outage
DBS 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, 2022 -
901Hong KongHKMA Proposes New Guidance on Operational Resilience
Revisions to guidance on operational risk management and BCP have also been proposed to align with the operational resilience guidance.
December 23, 2021 -
529FeatureSFC Issues New Guidance on Remote Working Risks
The 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, 2021 -
329Australia & NZASX November Outage Caused By Hasty Trading System Launch
An independent review commissioned by ASIC and RBA found that ASX’s upgraded equity trading system was not ready to go-live.
August 24, 2021 -
434Feature
HKMA Directs Banks to Prepare for OpRisk Rule Updates
The 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 -
675InternationalBCBS Issues Principles for Operational Resilience and Risk
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, 2021
