Operational Risk

Conduct, Culture & Accountability

RBI Directs Lenders to Clean Up Debt Collection Practices

By Editors | 15/08/2022

Regulated entities must ensure they and their agents do not resort to intimidation or harassment of any kind against any person in their debt collection efforts.

Emerging Prudential Risks

APRA Corporate Plan Highlights Focus on Industry Resilience

By Sanday Chongo Kabange | 14/08/2022

In its latest corporate plan, APRA said its focus is to ‘protect the community today’ and ensure the financial system is ‘prepared for tomorrow’.

Credit Risk

China Tightens Risk Management Rules for State-owned FIs

By Darien Choong | 11/08/2022

The Ministry of Finance strengthened rules around offshore investments, risk monitoring, and debt restructuring for “zombie enterprises”.

Resolution & Recovery

China to Allow Foreign Firms to Establish Finance Companies

By Darien Choong | 09/08/2022

The proposed rules also raise the capital requirements for finance companies, while strengthening risk management and governance obligations.

Trading & Investment

SEBI Forms Dedicated Committee to Advice on FPI Policy

By Editors | 09/08/2022

The committee will advise increasing FPI participation in Indian markets. FPIs are currently coping with a transition to T+1 settlement in the country.

Clearing & Post-Trade

HKEX Launches Compression Service for OTC Derivatives

By Editors | 08/08/2022

OTC Clear’s multilateral compression service was introduced on Monday in cooperation with TriOptima.

Operational Risk

MAS Sets Out Expectations on Third Party Risk Management 

By Editors | 08/08/2022

MAS conducted thematic inspections on the operational risk management standards and practices of selected banks, with a focus on third party risk management.

Payments & Settlements

Korea FSS Fines KakaoBank Over Remittance Service Failures

By Editors | 05/08/2022

The FSS said KakaoBank launched the new remittance service without proper testing, and provided prohibited loans to major shareholders.

Emerging Prudential Risks

APRA Proposes to Enhance Strategic Planning in Superannuation

By Editors | 01/08/2022

APRA proposes to update its prudential standard governing strategic planning and member outcomes in superannuation, just 2.5 years after it took effect.