All posts tagged "Operational Risk"
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516InternationalORX Expands Operational Risk Taxonomy for Financial Services
The 2020 iteration of the taxonomy has been extended to include operational risks causes and impacts, to allows firms to add context to their data.
November 26, 2020 -
295Australia & NZAPRA Halves CBA Operational Risk Capital Add-on
CBA has made "significant progress" in areas such as risk management and compliance, remuneration and risk culture, APRA says.
November 20, 2020 -
719Capital RegulationMAS Proposes Amendments to RMO Capital Requirements
MAS proposes to introduce a direct liquidity requirement for recognised market operators, and to revise downward the solvency requirement.
October 26, 2020 -
692Asia-PacificBSP Amends Operational Risk Guidelines to Include ‘People Risk’
The BSP wants banks and NBFIs to embed in their ERM framework measures to identify, measure, monitor, and control human resource related risks.
October 13, 2020 -
1.2KFintech / RegtechFSB Calls on Authorities to Regulate BigTech in Financial Services
Where financial services activities are undertaken by new types of actors, such as BigTech firms, the principle of ‘same risk-same regulation’ should apply, the report says.
October 13, 2020 -
1.0KBig Picture
Conduct Risk a Top Concern Among Banks, Insurers: ORX
In retail banking, scenario development commonly featured conduct risk. In Asia Pacific, fraud has also been a significant concern among FIs.
October 7, 2020 -
2.1KContributed ArticleThree Lines of Defense: Failed Promises & What Comes Next
The 3LoD model and its proposed successor, the Three Lines Model, need to account for social and behavioural drivers of misconduct to achieve their potential.
September 4, 2020 -
1.0KFeatureBCBS Proposes Principles to Promote Operational Resilience at Banks
The principles aim to increase bank resilience to operational risk shocks, such as those arising from pandemics, cyber incidents, technology failures and natural disasters.
August 6, 2020 -
740Hong KongHKMA Aligns Benchmark Reform Guidance for Banks with BCBS
HKMA's new guidance covers issues with benchmark reform relating to the definition of capital, market risk, counterparty credit risk, liquidity and operational risk.
July 27, 2020 -
1.5KAML / KYCBOT Green-lights Use of Facial Recognition Tech at Five Banks
BOT has issued new guidelines on the use of biometric technology in financial services, and granted approval to five banks to use facial recognition in account opening.
July 26, 2020
