ADVERTISEMENT
News on frameworks, regulations, and major events related to risks arising from internal processes, systems failures, human errors, or external disruptions.
Conduct, Culture & Accountability
PBOC Raises Bar for Executives of Financial Holding Companies
By Sanday Chongo Kabange | 05/11/2020
Under the proposed rules, the PBOC will be able to sanction financial holding companies whose directors, supervisors, and senior officials do not meet the job requirements.
Cybersecurity
Fintech-related Regulatory Initiatives Accelerated by Covid-19
By Editors | 03/11/2020
Most regulators either accelerated or introduced new innovation initiatives in response to Covid-19. No such initiatives were cancelled, says a report from the World Bank and CCAF.
Credit Risk
RBI Instructs Lenders to Repay ‘Interest on Interest’ to Borrowers
By Editors | 03/11/2020
Interest charged on interest for certain loans will be repaid by lenders under a government scheme, regardless of whether the loans were under moratorium.
Conduct, Culture & Accountability
CBA to Pay Penalty for Increasing Problem Gambler’s Credit Limit
By Editors | 01/11/2020
ASIC launched civil proceedings against CBA in March alleging that the bank failed to take account of a notification by a customer that he was a problem gambler.
Credit Risk
APRA Updates Standard for Reporting Credit Exposures, Provisions
By Editors | 28/10/2020
The draft ARS 220.0 is intended to align with the updated Prudential Standard APS 220 Credit Risk Management, which will come into effect from 1 January 2022.
Supervision & Enforcement
Super Licensees Must Observe Controlling Stake Requirements: APRA
By Editors | 23/10/2020
Regulatory approval is required before a change in a superannuation licensee’s ownership occurs. Noncompliance may attract “severe penalties”.
Liquidity Risk
APRA Penalises Breach of Prudential Standard on Liquidity
By Editors | 21/10/2020
Bendigo and Adelaide Bank will have to apply a 10 percent add-on to the net cash outflow component of its LCR calculation until its shortcomings have been rectified.
Cybersecurity
RBNZ Consults on Draft Guidance on Cyber Resilience
By Editors | 20/10/2020
The guidance aims to raise awareness of, and ultimately promote, the cyber resilience of the financial sector, especially at the board and senior management level.
Payments & Settlements
Tokyo Stock Exchange Faces FSA Probe Over System Outage
By Manesh Samtani | 20/10/2020
Based on an on-site investigation and findings from JPX’s own investigative committee, the FSA will consider issuing a business improvement order.
Capital Adequacy
PBOC Issues Draft Rules ‘Fully Revising’ Commercial Bank Law
By Editors | 18/10/2020
The revisions will enhance governance, improve board and senior management accountability, strengthen capital and risk management requirements, and raise penalties for violations.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.