Credit Risk

Taiwan Banks Asked to Bolster Controls on Mortgage Lending

15/11/2020

The central bank has said it could introduce selective credit controls if necessary to ensure financial system stability amid an over-heating property market.

Credit Risk

Philippine Senate Passes Bill to Establish ‘Bad Bank’ Framework

15/11/2020

The bill was fast-tracked amid fears that loan defaults could burden lenders and hamper their ability to provide credit to businesses and consumers.

Trading & Investment

Indonesia Launches Electronic Trading in Bond, Sukuk Markets

15/11/2020

The platform was designed by London software firm AxeTrading to accommodate Indonesia’s bond and sukuk markets, and boost liquidity and efficiency.

Credit Risk

AMAC Issues Draft Guidelines for Funds on Valuing Financial Instruments

15/11/2020

Publicly-offered securities investment funds will have to calculate impairment of financial instruments based on expected credit losses.

Data Privacy

Korean MyData Industry ‘The First of its Kind’, says FSC Vice Chair

15/11/2020

The FSC’s Doh Kyu-sang says 35 entities are currently under review to receive preliminary licences to participate in the MyData ecosystem.

Structural Regulation

SEC Thailand to Cut Redundant Regulations, Red Tape by 2022

15/11/2020

The ‘regulatory guillotine’ project will reduce documentary requirements by almost 2 million sheets per year and processing time by about 102,000 hours per year.

Operational Risk

SEBI to Expand Risk Management Committee’s Role at Listed Entities

15/11/2020

The requirement to constitute a risk management committee will be expanded to more companies and its role expanded to include ESG risks.

Fraud, Scams & Cybercrime

Ransomware Attacks Present a Growing Threat to FIs: FS-ISAC

15/11/2020

Even with robust cybersecurity programmes, large institutions are vulnerable to attacks through third-party suppliers. Smaller institutions are at even greater risk.

Capital Adequacy

Pandemic Was ‘First Major Global Test’ of Post-Crisis Reforms: FSB

15/11/2020

The pandemic raised questions of whether the flexibility provided in the Basel framework is actually used by FIs, for example in the case of bank capital and liquidity buffers.