Operational Risk

Structural Regulation

CBIRC Issues New Rules for Insurers’ Asset Management Products

By Editors | 27/03/2020

Insurance asset management products may not invest more than 35% of net assets in shadow banking assets, and may not invest in commercial banks’ credit assets directly.

Capital Adequacy

ISDA Calls for Delay to Initial Margin Deadlines

By Editors | 26/03/2020

Without a delay, smaller entities will almost certainly be shut out of the derivatives market, denying them the ability to manage risk when they need it most, says ISDA chief Scott O’Malia.

Credit Risk

Bangladesh Defers All ‘Defaulter’ Classifications Until 30 June

By Editors | 25/03/2020

Banks can avoid reclassifying borrowers as defaulters until 30 June, allowing them to avoid extra provisioning and offer businesses new loans.

Emerging Prudential Risks

APRA, ASIC Recalibrate Regulatory Priorities to Focus on Covid-19

By Editors | 23/03/2020

APRA and ASIC have suspended the majority of their planned policy initiatives and do not plan to recommence consultation on any non-essential matters before 30 September 2020.

Conduct, Culture & Accountability

Now More than Ever: The Need for Reliable Conduct Risk Metrics

By Stephen Scott | 20/03/2020

The demands being imposed on the global banking system highlight the Achilles Heel of nonfinancial risk management and, particularly, misconduct risk, says Stephen Scott at Starling.

Operational Risk

APRA, RBA Ask Financial Firms to Continue Parallel Reporting of EFS data

By Editors | 20/03/2020

The agencies explain that they wish to ensure a consistent data source for March and June 2020, in order to capture the impact of the coronavirus.

Structural Regulation

Malaysia Allows Listed Companies to Defer Quarterly, Annual Reports

By Editors | 19/03/2020

Listed companies and REITs managers with a financial year-end of 31 December 2019 can also defer their AGMs.

Conduct, Culture & Accountability

A Review of Post-GFC Regulatory Approaches to Bank Boards

By Editors | 18/03/2020

Of the 19 jurisdictions surveyed, all prescribe ‘fit and proper’ criteria to assess bank board members, however some authorities have no regulatory powers to approve their appointments.

Capital Adequacy

RBNZ to Delay Work on Regulatory Initiatives

By Editors | 18/03/2020

The move is aimed at reducing the regulatory burden on FIs, freeing up RBNZ and industry resources, and supporting the economy amid the coronavirus outbreak.