Operational Risk

Credit Risk

APRA Offers Guidance on Handling of Deferred Loans

By Editors | 23/09/2020

Banks should immediately inform APRA and ASIC if they experience issues collecting on loans with repayment deferrals.

Credit Risk

Korea Enhances Emergency Loan Programme for Small Businesses

By Editors | 19/09/2020

Banks are instructed to take measures to ensure that their IT systems are ready for processing changes in the second round emergency loan programme.

Market Risk

Firms Lagging in Preparations for UMR Compliance: Survey

By Manesh Samtani | 19/09/2020

State Street found that 19% of Phase 5 and 6 firms are fully prepared for UMR compliance. Hedge funds are said to be the least prepared for compliance.

Conduct, Culture & Accountability

GCRA: Little More Than Acting the Part

By Tamara Scicluna | 18/09/2020

We need real-time insights into cultural drivers of behaviour rather than backward-looking surveillance systems designed to catch bad actors after-the-fact.

Capital Adequacy

Taiwan FSC Fines Shin Kong Life for Endangering Solvency

By Editors | 17/09/2020

The FSC has also suspended the Shin Kong Life’s chairman, who was responsible for the investment decisions that threatened the insurer’s financial strength.

Liquidity Risk

APRA Proposes Updates to Bank Liquidity Reporting Requirements

By Editors | 17/09/2020

APRA has identified areas where reporting instructions can be clarified to facilitate the provision of timely information on bank liquidity risk.

Capital Adequacy

Korean Financial Groups to Start Publishing Integrated Disclosures

By Editors | 16/09/2020

Samsung, Mirae Asset, Hanwha, Hyundai Motor, Kyobo and DB will start publishing group-wide integrated disclosures from end-September.

Operational Risk

US Regulators to Reprimand Citigroup Over Risk Management

By Editors | 16/09/2020

The Federal Reserve and OCC are expected to require Citigroup to develop and execute a plan to improve its risk management systems.

Credit Risk

RBI Orders Banks to Automate Asset Classification, Provisioning

By Editors | 16/09/2020

The RBI has given banks until 30 June 2021 to upgrade their systems to automate all asset classification, provisioning calculation and income recognition processes.