All posts tagged "Operational Risk"
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1.8KAML / 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 -
1.8KAsia-PacificBCBS Releases 18th Progress Report on Basel III Adoption
In Asia Pacific, Hong Kong, Korea and Indonesia have in particular made significant progress towards implementing the Basel III standards.
July 6, 2020 -
1.7KFintech / RegtechFMSB Issues Statement of Good Practice on Algo Trading
The FICC Markets Standards Board sets out 10 Good Practice Statements for market participants and venue operators engaged in algorithmic trading in a new transparency draft.
June 25, 2020 -
2.2KContributed ArticleLeveraging Technology and Hong Kong’s Unique Position to Manage Risk
Hong Kong markets have continued to operate resiliently, due in large part to the emphasis HKEX places on risk management, says Group Risk Officer John Killian.
June 18, 2020 -
883AML / KYCAUSTRAC Given Two Month Deadline for New Westpac Claims
Separately, APRA has delegated enforcement powers to ASIC, allowing it to seek fines or banning orders if Westpac is found to have breached banking laws.
June 18, 2020 -
3.1KAsia-PacificRadical Steps Needed from Vietnam Banking Sector
Vietnam’s banking sector must take radical steps to adopt international capital rules, reporting requirements and trading practices, says Francois Denimal at FIS.
June 9, 2020 -
1.4KAsia-PacificIndonesia: OJK Relaxes Capital, Liquidity Requirements for Banks
The OJK has removed the capital conservation buffer requirement, lowered the LCR and NSFR requirements to 80%, and deferred Basel III implementation.
June 2, 2020 -
3.0KCapital RegulationHKMA Support Measures and the Impact to the Banking Industry
Pierre Latrobe at Mazars discusses recent HKMA initiatives taken in response to Covid-19 and their implications for Hong Kong banks, highlighting credit risk as a growing threat.
May 13, 2020 -
1.5KFeatureMalaysia: SC Allows E-wallet, E-payment Firms to Distribute Investment Products
Operators of e-wallet or e-payment applications can register with the SC and partner with capital markets licence holders to distribute investment products to investors.
May 5, 2020 -
2.7KCapital RegulationGlass Half Full: Basel IV Presents Opportunity for Constructive Change, COVID-19 the Impetus
The COVID-19 pandemic is an additional catalyst for financial institutions to generate fundamental structural change as they seek to implement Basel reforms, says AxiomSL’s Mahim Mehra.
May 3, 2020
