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Retail banking operational risks
Posted By David Jacobson On February 21, 2012 @ 4:37 pm In Risk management | Comments Disabled
In our recent Responsible Manager seminars we discussed operational risks including system "glitches" resulting from hybrid and patched computer platforms.
The Reserve Bank has now called  for industry views on:
Following a number of operational incidents involving disruption to electronic retail payments systems, the Reserve Bank intends to formalise its requirements for the reporting of major retail payments system incidents. Authorised Deposit-taking Institutions (ADIs) that provide retail payments services and operate Exchange Settlement Accounts with the Reserve Bank will be required to report significant incidents in their retail payments operations to the Reserve Bank, according to specified criteria.
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URL to article: http://www.langes.com.au/creditunion_mutual_law/2012/02/21/retail-banking-operational-risks/
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 called: http://www.rba.gov.au/media-releases/2012/mr-12-03.html
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