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Prudential Risk
Model Risk
Model Risk Management at Japan Banks Gaining Sophistication: FSA
By Manesh Samtani | 15/12/2024
The FSA says FIs should continue refining their model risk management frameworks, prioritising AI-specific models.
Liquidity Risk
China Vows ‘Special Actions’ to Boost Domestic Economy
By Editors | 15/12/2024
President Xi Jinping pledged lower interest rates, reduced reserve requirements for banks, and “special actions” to boost consumption.
Capital Adequacy
RBNZ Amends Interim Solvency Standard for Insurers
By Sanday Chongo Kabange | 13/12/2024
The RBNZ says the amendments will ensure sufficient capital is set aside against pricing risks as well as credit risk on bonds.
Liquidity Risk
Fallout from Martial Law Declaration Continues in Korea
By Manesh Samtani | 12/12/2024
BOK injects liquidity. FSC chairman meets with foreign FIs and domestic firms. FSS governor asks analysts to trust in Korea’s economic fundamentals.
AI Risk & Governance
FSS Korea Implements Broad Organisational Reforms
By Editors | 12/12/2024
The FSS has reappointed 74 out of 75 department heads to “promote innovative thinking and work innovation”.
Cybersecurity
Hong Kong Advances Cybersecurity Bill for Critical Infrastructures
By Editors | 12/12/2024
The Bill seeks to impose statutory requirements on designated operators of critical infrastructures to ensure that they take appropriate measures to protect from cyberattacks.
Credit Risk
BCBS Finalises Guidelines on Managing Counterparty Credit Risk
By Editors | 12/12/2024
The guidelines emphasise the importance of counterparty due diligence, good governance and reliable data management.
Emerging Prudential Risks
China Declares First Change in Monetary Policy Stance in 14 Years
By Editors | 11/12/2024
The government changed its monetary policy stance from “prudent” to “moderately loose” and signalled that it will increase focus on boosting consumption.
Liquidity Risk
FSB Issues Recommendations to Enhance Non-banks’ Liquidity Preparedness
By Manesh Samtani | 11/12/2024
The recommendations cover liquidity risk management and governance, stress testing and scenario design, and collateral management practices.
Capital Adequacy
New Zealand to Raise Kiwibank’s Capital to Enhance its Competitiveness
By Editors | 11/12/2024
The government has also set new expectations for the RBNZ emphasising that it must place greater emphasis on competition in the banking sector.
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