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Capital / Liquidity
Enforcement
APRA Applies A$20m Capital Charge to RAC Insurance
By Sanday Chongo Kabange | 01/11/2023
APRA said its review of RAC Insurance revealed “significant weaknesses” in its outsourcing controls, conflict management and board decision making.
Fintech / Regtech
Citi to Provide GenAI Tools to 40,000 Coders Across the Bank
By Editors | 31/10/2023
Citi used generative AI to analyse 1,089 pages of new capital rules proposed by US regulators in July. Over 350 other use cases have been proposed.
Capital / Liquidity
APRA Adopts Changes to Credit Risk Reporting Standard
By Editors | 30/10/2023
The reporting standard for counterparty credit risk is being amended so it only applies to significant financial institutions.
Capital / Liquidity
US Regulators Finalise New Rules to Promote Fair Lending
By Mark Johnston | 28/10/2023
The new rules encourage banks to expand access to credit, investment, and banking services in low- and moderate-income communities.
Capital / Liquidity
China Finalises New Capital Management Rules for Banks
By Editors | 27/10/2023
The new rules revise how risk weights are measured, enhance supervision of the banking sector and improve information disclosure requirements.
Capital / Liquidity
US Finalises Climate Risk Framework for Large Banks
By Manesh Samtani | 25/10/2023
The framework comprises a set of principles that are substantively similar to those proposed in December 2022.
Capital / Liquidity
BNM is Assessing First Recovery Plans of Malaysian Banks
By Mark Johnston | 24/10/2023
BNM will engage with banks in the coming months on their recovery plans. Vulnerable banks may be asked to make business strategy changes.
Big Picture
New Paper Sheds Light on CCP Credit Risk Management Practices
By Manesh Samtani | 23/10/2023
The paper from CCP Global provides information on how CCPs conduct ongoing credit monitoring to make informed risk assessments and safeguard market integrity.
Capital / Liquidity
China Issues Framework for Identifying Systemically Important Insurers
By Editors | 23/10/2023
Chinese insurance companies will be assessed every two years and designated systemically important based on 13 evaluation indicators.
Capital / Liquidity
ECB Publishes Guidance on Counterparty Credit Risk Management
By Mark Johnston | 21/10/2023
Banks dealing with hedge funds and family offices should set up daily monitoring and additional risk control processes to manage those CCR exposures.
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