Priorities include updates to the prudential standards on remuneration, resolution and recovery planning, operational risk, governance and risk management.
February 2, 2021The updated rules also bring into scope virtual asset custodians, introducing a $1mn minimum capital requirement for such businesses.
January 28, 2021Hong Kong, Singapore and Tokyo each have an opportunity to demonstrate global leadership in the regtech sector, according to a panel of experts hosted by the Asia Society's Hong Kong Center.
January 18, 2021The central hub allows cyber and information security risk management professionals to collaborate, exchange ideas and learn from each other’s practices.
January 13, 2021The first draft policy covers governance policies for payment system operators. The second covers the local adoption of the PFMI for designated payment systems.
January 3, 2021Japan will adopt the Basel III standards in consideration of the characteristics of domestic financial institutions, the FSA said.
January 2, 2021Kakao Bank is directed to set up an effective emergency plan for responding to a crisis, including detailed financing options to deal potential capital shortfalls.
December 22, 2020The new Enhanced Competency Framework is aimed at raising the professional competence of practitioners working in the operational risk management function of banks.
December 21, 2020Banks are expected to work to strengthen their risk controls, particularly around wealth management to avoid penalties and preserve their corporate governance rankings.
December 18, 2020MAS intends to implement the revised standards for operational risk capital and leverage ratio requirements from 1 January 2023.
December 18, 2020