All posts tagged "operational resilience"
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112FeatureMAS Consults on Revisions to BCM Guidelines
The guidelines emphasise the need for FIs to take an end-to-end view in ensuring the continuous delivery of critical business services and functions.
October 23, 2021 -
263FeatureSFC 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 -
270Big PictureEntity-based Regulation Needed to Address Bigtech Risks: BIS
China's financial holding company regime represents a novel entity-based regulatory approach for big techs, says a new BIS research paper.
September 30, 2021 -
285InternationalBCBS Calls on Banking Sector to Enhance Cyber Defences
Remote work arrangements and digital financial services have "enlarged banks' attack surfaces", creating opportunities for malicious actors, the BCBS said.
September 21, 2021 -
246Hong KongHKMA Urges Continued Momentum in Bank Culture Efforts
Culture is the "invisible glue" that holds a bank together and assumes an even more critical role during the pandemic, says the HKMA's Arthur Yuen.
September 9, 2021 -
170Fintech / Regtech
CPMI Workplan Highlights Focus on Stablecoins, CBDCs
CPMI annual work programme highlights cross-border payments, stablecoins, CBDCs, central clearing and FMI risks as key priorities.
August 6, 2021 -
429Feature
HKMA Issues Practice Guide on Cloud-based Regtech Solutions
Guidance is provided on the use of APIs to address barriers to adoption created by legacy systems that are inflexible to change.
June 21, 2021 -
216Capital Regulation
BCBS to Consult on Capital Rules for Banks’ Crypto Exposures
The proposed consultation builds on an earlier paper which outlined an approach that would subject direct crypto exposures to full deductions from CET1 capital.
June 9, 2021 -
279FeatureSFC Raises Supervisory Focus on Fund Manager Resilience
The SFC is on the lookout for funds with outsized and concentrated bets to prevent an Archegos-type event in Hong Kong.
June 8, 2021 -
291FeatureHKMA 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
