All posts tagged "Operational Risk"
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136Australia & NZAPRA Releases Policy, Supervision Priorities for 2021
Priorities include updates to the prudential standards on remuneration, resolution and recovery planning, operational risk, governance and risk management.
February 2, 2021 -
144AML / KYCBSP Updates VASP Rules to Align with FATF Requirements
The updated rules also bring into scope virtual asset custodians, introducing a $1mn minimum capital requirement for such businesses.
January 28, 2021 -
532Featured ArticlesAsia Has an Opportunity to Demonstrate Global RegTech Leadership
Hong 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, 2021 -
135InternationalORX Launches Central Hub to Facilitate Cyber Risk Management
The central hub allows cyber and information security risk management professionals to collaborate, exchange ideas and learn from each other’s practices.
January 13, 2021 -
162Asia-Pacific
BSP Consults on Draft Policies to Strengthen Payment Systems
The 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, 2021 -
257Capital RegulationJapan FSA Issues Draft Policy for Basel III Implementation
Japan will adopt the Basel III standards in consideration of the characteristics of domestic financial institutions, the FSA said.
January 2, 2021 -
238Capital RegulationKorea FSS Directs Kakao Bank to Enhance Risk Management
Kakao 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, 2020 -
379Hong KongHKMA Unveils Enhanced Competency Framework on Operational Risk
The new Enhanced Competency Framework is aimed at raising the professional competence of practitioners working in the operational risk management function of banks.
December 21, 2020 -
280EnforcementTaiwan Addresses Bank Misconduct With Higher Penalties: Fitch
Banks are expected to work to strengthen their risk controls, particularly around wealth management to avoid penalties and preserve their corporate governance rankings.
December 18, 2020 -
396Capital RegulationMAS Consults on Operational Risk Capital, Leverage Ratio Requirements
MAS intends to implement the revised standards for operational risk capital and leverage ratio requirements from 1 January 2023.
December 18, 2020
