Underinvestment in data and technology systems creates operational risks, delays in picking up problems, and costly remediation programmes, says ASIC commissioner Sean Hughes.
November 16, 2020GAIP will incubate new risk financing solutions for emerging risks in Asia and serve as a policy think tank, initially focusing on pandemic risk and climate risk.
November 5, 2020SmartStream's Vincent Kilcoyne discusses the use of technology and automation to address regulatory change, highlighting the need for high quality data.
October 9, 2020In retail banking, scenario development commonly featured conduct risk. In Asia Pacific, fraud has also been a significant concern among FIs.
October 7, 2020This is to reflect progress on regulating online lending, guidance issued to online lending and other DNFBP sectors, and China's prohibition on virtual asset activities.
October 2, 2020FIs should consider adopting technology such as AI and machine learning more widely. The Wolfsberg Group "strongly encourages" participation in PPPs.
August 14, 2020The 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, 2020Key skill gaps in the banking workforce were identified in areas relating to technology and data, cybersecurity, core banking knowledge, regulation and compliance, and climate risk management.
June 19, 2020In a recent Bureau van Dijk webinar, industry experts examined how data, technology and AI can help mitigate the risk of criminals benefitting from the Covid-19 cash pump.
June 1, 2020Technology has displaced the 2008 financial crisis as the main issue driving the international regulatory agenda, says a new report from Thomson Reuters.
January 9, 2020