Prudential Risk

Structural Regulation

Australia Publishes Ministerial Rules to Implement Global Minimum Tax

By Sanday Chongo Kabange | 23/12/2024

Treasurer Jim Chalmers said the ministerial rules will ensure multinational corporations operating in Australia pay their “fair share of tax”.

Model Risk

Korea Advances Bill to Open Up Corporate Credit Rating Market

By Editors | 22/12/2024

The government approved a revision bill that will abolish a requirement for licensed corporate credit rating providers to be at least 50 percent owned by financial institutions.

Liquidity Risk

Korea Announces Measures to Restore FX Market Stability and Strengthen FIs

By Manesh Samtani | 21/12/2024

Banks allowed to borrow more USD overseas; regulations on stress buffer capital and foreign currency liquidity stress tests deferred; risk weighting changes

Payments & Settlements

China Expands Cross-border FX Pilot for Multinational Companies

By Editors | 21/12/2024

The pilot programme launched in March 2021 is being extended to more provinces and the policies are being further streamlined.

Operational Risk

HKMA Requiring Banks to Develop Capability to Switch Between CRAs

By Sanday Chongo Kabange | 20/12/2024

Retail banks must have agreements in place with more than one CRA by Jan 2025 and complete switch-over testing within Q2 2025

Emerging Prudential Risks

FSB Proposes Recommendations to Address Leverage in NBFI

By Editors | 19/12/2024

The policy recommendations seek to address financial stability risks arising from leverage in non-bank financial institutions.

Market Risk

PBOC Warns FIs Against Excessive Bond Market Trading

By Manesh Samtani | 19/12/2024

The PBOC revealed that comprehensive investigations were underway to crack down on possible bond market violations.

Operational Risk

FDIC to Pursue Legal Action Against 17 Former SVB Executives

By Editors | 19/12/2024

Chairman Martin Gruenberg said the executives breached their duties by mismanaging Silicon Valley Bank’s securities portfolios.

Operational Risk

APRA Identifies Valuation Governance Weaknesses at Super Funds

By Sanday Chongo Kabange | 18/12/2024

APRA said superannuation trustees need to further enhance their valuation and liquidity risk management practices.