All posts tagged "Operational Risk"
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1.6KBig PictureConduct 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 -
3.1KContributed 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 -
956Hong 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 -
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 -
1.9KAsia-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 -
1.8KFintech / 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 -
2.3KContributed 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 -
922AML / 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 -
3.4KAsia-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
