All posts tagged "Operational Risk"
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775Australia & NZRBNZ Working with ANZ NZ to Improve Model Compliance
The latest section 95 report identifies that 17 wholesale credit models and the operational risk capital model approach currently in use at ANZ NZ are not approved by the RBNZ.
April 18, 2020 -
1.0KCapital RegulationHKMA Defers Basel III, Reviews ECL Provisioning Expectations
Aside from deferring Basel III adoption, the HKMA is considering the implications of Covid-19 on the application of expected credit loss provisioning.
March 30, 2020 -
1.9KCapital RegulationBasel III Implementation Timelines Deferred in Response to Covid-19
The implementation date of the outstanding Basel III standards will be deferred by one year to 1 January 2023 to free up operational capacity for banks and supervisors.
March 28, 2020 -
620Big PictureMajor Banks’ Fee-based Revenue at Risk – Study
Increased regulatory pressure and growing competition from new players could cost incumbent banks 5% of their revenue over the next 3-5 years, says a new report from Accenture.
March 11, 2020 -
780Big Picture
Better Supervision Associated with Lower Operational Risk: BIS Paper
Banks take an average 251 days to discover the occurrence of operational loss events, and 184 days to move from discovery and recognition, according to a new BIS paper.
February 14, 2020 -
632EnforcementSFC Lifts UBS Underwriting Suspension Two Months Early
The SFC is satisfied that UBS has adequate and effective systems, controls, policies and procedures to enable compliance with all requirements in relation to its sponsor business.
January 14, 2020 -
582AML / KYCAPRA Investigates Westpac, Imposes Capital Surcharge
APRA's investigation will focus on the conduct that led to Westpac's alleged 23 million AML breaches, and whether its senior managers breached the Banking Act, including the BEAR.
December 17, 2019 -
1.1KFintech / RegtechCPMI Offers Guidance for Designers of Wholesale Digital Tokens
The report describes the potential innovations and design questions associated with digital tokens that could be used to settle large-value payments.
December 13, 2019 -
626Australia & NZAPRA Issues Final Operational Risk Requirements for ADIs
The prudential standard comes into effect from 1 January 2021 for ADIs using advanced measurement approaches to calculate the required capital for operational risk.
December 12, 2019 -
1.8KFeatureSFC Issues Guidance on Outsourcing of Data Storage
Licensed corporations must ensure cyber and operational risks are properly mitigated and that the SFC’s access to regulatory records is not restricted or otherwise undermined.
November 1, 2019
