Operational Risk

Credit Risk

Audit Officials Find Illegal Lending at Chinese Banks

By Emma Zhou | 25/06/2018

ICBC, ABC and CITIC illegally extended loans to unqualified companies or industries, inflated the size of their deposits, engaged in illegal shadow-banking actives, and had shortcomings in their credit risk management.

Operational Risk

Further Delays at G-SIBs on Risk Data Compliance – BCBS

By Manesh Samtani | 25/06/2018

Progress report shows only only three G-SIBs have achieved full compliance with Principles for effective risk data aggregation and reporting; complexity and interdependence of IT improvement projects cited as main challenges.

Emerging Prudential Risks

Thailand, Japan to Cooperate on Banking Supervision

By Manesh Samtani | 20/06/2018

BOT and Japan FSA agreement sets out process they will follow to foster greater cooperation for information sharing, on-site visits, supervisory colleges and crisis management.

Conduct, Culture & Accountability

China Cracks Down on ‘False Inflation’ of Bank Deposit Levels

By Manesh Samtani | 15/06/2018

China’s top financial regulators have issued a new circular that prohibits banks from falsely inflating their deposits, a common practice to improve quarterly and mid-year performance assessments.

Cybersecurity

Industry-wide Collaboration Needed to Combat Cyber Threat – DTCC

By Manesh Samtani | 14/06/2018

DTCC Chief Security Officer Stephen Scharf says traditional focus on preventative measure at individual firm level are no longer enough; closer collaboration is needed to develop collective response and recovery plans.

Cybersecurity

FS-ISAC Establishes Global Forum for Cyber Threat Information Sharing

By Garima Chitkara | 14/06/2018

Inaugural global community CERES Forum to bring together financial regulators, central banks and supervisors to combat cyber and physical crime, enhancing financial sector resiliency.

Credit Risk

China Requires Corporate Credit Data to be Shared Among Banks

By Manesh Samtani | 11/06/2018

New rules establish information sharing mechanism among lenders for collective gathering and cross-validating business and financial information of borrowers.

Credit Risk

India Bank Employees Challenge RBI Loan Provisioning Norms

By Garima Chitkara | 04/06/2018

Organisation representing bank employees filed a writ against RBI February circular on provisioning norms which has resulted in heavy losses at public sector banks

Emerging Prudential Risks

PBOC Launches Financial Statistics Inspections at Banks, NBFIs

By JP Reimann | 30/05/2018

Six-month central bank inspections to focus on quality of financial information as part of plan to unify statistical management operational mechanisms.