ADVERTISEMENT
News on frameworks, regulations, and major events related to risks arising from internal processes, systems failures, human errors, or external disruptions.
Fraud, Scams & Cybercrime
Bangladesh Tightens Rules for Agent Banking Operations
By Editors | 01/05/2022
Banks will be required to more closely monitor their agent banking outlets, conduct regular visits of such operations, and submit quarterly reports on any irregularities detected.
Credit Risk
Bangladesh Banks Warned Against Overly Generous Interest Waivers
By Editors | 29/04/2022
The central bank says some banks are waiving interest on loans too generously, a practice which could lead clients to lose interest in timely repayment.
Credit Risk
Japan FSA Issues Guidance on Preventing Archegos-style Incidents
By Sanday Chongo Kabange | 24/04/2022
Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.
Cryptocurrency
APRA Outlines Expectations on Managing Crypto-Asset Risks
By Ranamita Chakraborty | 22/04/2022
Regulated entities looking to launch crypto-asset-related operations should consult their supervisor first. A longer-term prudential framework is being developed.
Supervision & Enforcement
PBOC Amends Bank Inspection Rules and Penalty Procedures
By Editors | 22/04/2022
The PBOC will make “full use” of the Internet, big data and other technical means in off-site inspections and strengthen the collection and sharing of regulatory information.
Structural Regulation
China Legislature Passes Futures and Derivatives Law
By Manesh Samtani | 21/04/2022
The final version of the law further improves derivatives trading supervision and specifies rules for foreign institutions operating in China.
Credit Risk
Bangladesh Bank Issues Provisioning Policy for ‘Other Assets’
By Editors | 19/04/2022
Banks will have to hold ‘bad debt’ level provisions against funds allocated for certain business expenditures if they sit on the balance sheet as ‘other assets’ for over a year.
Credit Risk
CBIRC Directs FIs to Provide Support to Covid-hit Logistics Sector
By Darien Choong | 18/04/2022
Banks are directed to increase financial support for transportation enterprises, including by offering them new lending, deferring loan repayment, and lowering loan interest and fees.
Cryptocurrency
Australia: Regulatory Hurdles Delay Rollout of CBA Crypto Services
By Mark Johnston | 15/04/2022
ASIC is using its design and distribution powers to ensure CBA customers are provided the right level of disclosures around crypto product risks.
Operational Risk
Taiwan FSC Fines Cathay United Bank Over ATM Disruptions
By Darien Choong | 14/04/2022
The bank was fined, temporarily barred from setting up new ATMs, and required to increase its operational risk capital by 30 June.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.