All posts tagged "Operational Risk"
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Press Release
Acin Recognised for Data-driven Approach to Operational Risk Management
Acin offers a revolutionary data-driven approach to standardise operational risk and control management, facilitated through a peer-to-peer network of member institutions.
December 16, 2020 -
935InternationalORX 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 -
739Australia & 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 -
1.1KCapital 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 -
1.0KAsia-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 -
1.4KFintech / 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 -
1.5KBig 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 -
2.9KContributed 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 -
1.3KFeatureBCBS 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 -
902Hong 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
