Licensed credit bureaus will be required to establish a Code of Conduct and comply with requirements on technology risk management and cyber security.
June 1, 2021The test environment will be available from 17 June and production environment from 13 September. ADIs have to maintain BEAR information in APRA Connect from September.
May 19, 2021In response to regulatory pressure, Ant Group has been urging investors through in-app notifications to switch to other funds.
April 28, 2021The HKMA plans to revise its SPM module on Operational Risk Management to incorporate elements of the revised PSMOR issued by the BCBS.
April 23, 2021The Spotlight Review examines back book transition complexities through practical case studies and sets out key considerations for managing the associated risks.
April 21, 2021Two new reports from the BCBS outline banking system exposure to climate-related risks and recommend methodologies be adapted accordingly.
April 15, 2021Macquarie is said to have incorrectly treated specific intra-group funding arrangements for the purposes of calculating capital and related entity exposure metrics.
April 2, 2021Increasing banks' resilience to absorb shocks from operational risks will provide additional safeguards to the financial system as a whole, the BCBS says.
April 1, 2021Indemnities provided to acquiring entities as part of divestment transactions should be capped and time bound. Operational risk capital should be held to reflect the level of risk.
March 24, 2021Bill Coen, Chair of the IFRS Advisory Council and former BCBS Secretary General, speaks to Regulation Asia about initiatives underway to mitigate climate-related risk in the banking sector.
March 23, 2021