Prudential Risk

Operational Risk

FSS Korea Directs OCBC to Fix Internal Control Deficiencies

By Nithya Subramanian | 16/01/2025

The FSS identified deficiencies at OCBC’s Seoul branch relating to dealing desk internal controls, real estate PF loan evaluations, and risk management

Liquidity Risk

PBOC Injects Near-Record Liquidity Ahead of Lunar New Year

By Mark Johnston | 16/01/2025

The PBOC has injected a near-record amount of short-term funds into the financial system to alleviate a cash squeeze ahead of the Lunar New Year.

Climate Risk

Transition Plans Could Enhance Financial Stability Monitoring: FSB

By Mark Johnston | 16/01/2025

FSB says climate transition plans could be useful for monitoring financial stability risks but more standardisation and broader adoption are needed first

Emerging Prudential Risks

Singapore Passes Bill to Simplify Insolvency Process for Companies

By Nithya Subramanian | 16/01/2025

SIP 2.0 simplifies documentation and reduces time and costs, while also providing better creditor protection.

Credit Risk

Taiwan Eases Yield Rule to Revive Insurers’ Property Investments

By Nithya Subramanian | 14/01/2025

The lower minimum yield requirement is expected to encourage renewed participation in Taiwan’s commercial property market by life insurers

Cloud & Infrastructure

HK Credit Data Platform Lowers Access Barrier for Small FIs

By Sanday Chongo Kabange | 14/01/2025

Platform operator HKICL has developed a new interface that provides a lower-cost and more convenient way for lenders to connect to Credit Data Smart.

Emerging Prudential Risks

HKMA Consults on Treatment of Bank Exposures to Cryptoassets

By Sanday Chongo Kabange | 14/01/2025

HKMA intends to implement the BCBS standards on the prudential treatment of cryptoasset exposures and the disclosure requirements on 1 January 2026

Structural Regulation

Claim Amount Quadruples in Lawsuit Over Credit Suisse AT1 Writedown

By Thisanka Siripala | 14/01/2025

An amended complaint filed in New York adds 39 plaintiffs including AllianceBernstein and a subsidiary of Japan’s Nomura Holdings

Credit Risk

RBI Standardises Framework for Reporting Credit Information

By Manesh Samtani | 14/01/2025

Lenders must update credit bureau records every 15 days rather than monthly to ensure borrowers’ financial activities are reflected in credit scores more quickly