Operational Risk

Market Risk

ISDA Chief Urges Continued Work on Initial Margin Implementation

By Editors | 09/09/2020

Phase 5 implementation will be the most demanding phase yet, and firms will need to be ready well in advance to avoid a last-minute compliance bottleneck.

Credit Risk

SEBI Revises Mutual Fund Side Pocketing Standards

By Sanday Chongo Kabange | 08/09/2020

Previously, only debt securities downgraded below investment grade can be side pocketed. Side pocketing will be allowed for even higher-rated debts that are restructured due to Covid-19.

Market Risk

RBI Issues Draft Rules on Variation Margin Exchange

By Manesh Samtani | 08/09/2020

The rules are applicable to India-regulated financial firms, IFSC banking units, and FPIs with non-cleared derivatives exceeding 500bn rupees.

Credit Risk

SEBI Asks Rating Agencies Not to Classify Restructured Debt as Default

By Editors | 06/09/2020

Credit rating agencies are asked not to consider debt restructured as a result of Covid-19 related stress as a default event.

Conduct, Culture & Accountability

CBIRC Issues Action Plan to Enhance Governance at Banks, Insurers

By Editors | 06/09/2020

The action plan outlines a series of targeted measures and an implementation timetable to improve corporate governance at banks and insurers.

Operational Risk

Three Lines of Defense: Failed Promises & What Comes Next

By Erich Hoefer | 03/09/2020

The 3LoD model and its proposed successor, the Three Lines Model, need to account for social and behavioural drivers of misconduct to achieve their potential.

Operational Risk

APRA Updates Four-Year Corporate Plan to Prioritise Covid Risks

By Editors | 02/09/2020

APRA will prioritise the safety and soundness of regulated institutions, operational resilience and contingency planning for adverse events.

Operational Risk

CBIRC Penalises Two State-Owned Banks for Violations

By Editors | 02/09/2020

Agricultural Bank of China and China Construction Bank were fined more than a combined 90mn yuan and one individual was banned for life.

Emerging Prudential Risks

APRA Issues 3rd Consultation Package on Superannuation Data Collection

By Editors | 30/08/2020

The third package contains consultation materials covering four areas: expense reporting, asset allocation, insurance arrangements, and fees and costs.