The Australian Prudential Regulator Authority (APRA) has informed Medibank that it will have to set aside an additional $250 million AUS in regulatory capital, to address issues following its 2022 cyber attack. As the regulator reviews the banks governance and…
If it proves correct Ted Dziekanowski, 20% is a significant increase. and one wonders if banks will find it hard going to capital markets to raise cash. One does not know how significant cyber will on banking capital. But if…
Regulatory capital is challenging to predict for financial services organizations. Credit risk is relatively straight forward, operational risk is mainly internally focused. Cyber risk for insurers however is a different challenge, how do you identify the impact of a cyber…
Coming on the same day as a review by the NYDFS of its oversight of Signature bank. One suspect that regulators are self flagellating themselves for their roles in the oversight and assurance of these banks. In both cases SVB…
Legacy IT can be a problem for many companies. But it is more of a problem for the Financial Services sector. In this instance the German Finance regulator may increase regulatory capital, or Solvency capital, of Allianz by â¬2 Bn…
Alongside ‘climate risks’, recent cyber stress tests by UK insurers for the Bank of England raised questions over the amount of regulatory capital that insurers are holding to manage cyber risk. Evaluating the impact of cloud outage, mass data loss…
Has a recent update by the SEC on crypton pulled the plug on banks custodial crypto plans. By treating crypto as a liability covered financial institutions have to hold capital under the Basel accords, pushing up the costs of crypto…
