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Prudential Risk
Fraud, Scams & Cybercrime
Japan FSA Orders MUFG to File Report on Safe Deposit Box Thefts
By Sanday Chongo Kabange | 18/12/2024
The FSA ordered MUFG Bank to submit a report on the theft of customer assets from 60 safe deposit boxes by a former employee.
Liquidity Risk
SFC Sets Liquidity Risk Management Expectations for MMFs
By Manesh Samtani | 18/12/2024
MMF managers should use LMTs to ensure fair treatment of both redeeming and remaining investors when meeting redemption requests.
Structural Regulation
BNM Proposes Changes to Rules on Personal Financing
By Sanday Chongo Kabange | 18/12/2024
BNM will abolish the use of the Rule of 78 method in personal financing and set at 10 year tenure limit on such lending.
Payments & Settlements
Korea Amends Rules for on Investors’ Foreign Currency Deposits
By Editors | 17/12/2024
The regulatory amendment increases the proportion of investors’ USD and JPY funds that securities firms have to deposit with the KSFC.
Capital Adequacy
HKMA Publishes Five Revised SPM Modules in Gazette
By Editors | 17/12/2024
The revised modules mainly include updates to cater for the implementation of Basel III rules on exposure limits and liquidity.
Cloud & Infrastructure
Revised Outsourcing Rules for Banks Take Effect in Singapore
By Manesh Samtani | 16/12/2024
Banks and merchant banks have to maintain a register of outsourced services and re-perform due diligence within 2 years of engaging a service provider.
Credit Risk
HKMA Issues Supplementary Guidance on Revised Credit Risk Framework
By Editors | 16/12/2024
The HKMA said the new supplementary guidance is intended to facilitate “consistent application” of the revised credit risk framework.
Credit Risk
Thailand Launches Debt Relief Measures for Retail and SME Borrowers
By Editors | 16/12/2024
The measures include a pause on interest payments and decreases in principal payments to alleviate the burden on retail and SME borrowers.
Resolution & Recovery
AllianceBernstein to Sue Switzerland Over Credit Suisse AT1 Writedown
By Editors | 16/12/2024
AllianceBernstein will be the first large institutional investor to sue Switzerland over its decision to write down Credit Suisse’s AT1 bonds last year.
Capital Adequacy
HKMA Issues Revised Guidelines on Fair Value Practices
By Editors | 16/12/2024
The revisions are mainly to better align with the “Prudent valuation guidance” under CAP50 of the Consolidated Basel Framework.
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