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Prudential Risk
AI Risk & Governance
MAS Issues Information Paper on AI Model Risk Management
By Nithya Subramanian | 06/12/2024
The paper sets out good practices for managing risks associated with AI, including GenAI, based on a thematic review of banks’ practices.
Liquidity Risk
BCBS Assesses Korea’s Implementation of NSFR, LEX Standards
By Editors | 06/12/2024
NSFR implementation was assessed as “compliant”, while implementation of the large exposures framework was assessed as “largely compliant”.
Capital Adequacy
IAIS Adopts Global Capital Standard for Insurance Industry
By Editors | 06/12/2024
The standard provides a risk-based measure of capital adequacy for internationally active insurance groups to ensure they can withstand potential stresses.
Credit Risk
HKMA Launches New ‘Special Scheme’ to Aid Homebuyers
By Manesh Samtani | 05/12/2024
The scheme allows a higher LTV ratio and DSR limit for homebuyers who bought residential properties when prices were higher from 2021 to 2023.
Custody & Infrastructure
Thai SEC Revises Capital Requirements for Crypto Firms
By Sanday Chongo Kabange | 05/12/2024
The revised requirements aim to increase trust in the digital asset market and enhance investor protection.
Emerging Prudential Risks
Geopolitical Risk Seen as Top Risk to Financial Industry in 2025
By Editors | 05/12/2024
The top threats to the financial industry identified in DTCC’s latest Systemic Risk Barometer Survey were geopolitical risk and cyber risk.
Credit Risk
Japan FSA Calls on FIs to Provide Flexible Lending to Businesses
By Thisanka Siripala | 05/12/2024
The FSA urges FIs to prioritise flexible loans and repayment plans tailored to the circumstances of each business.
Emerging Prudential Risks
FSB Plenary Meets in Hong Kong to Discuss Financial Stability Issues
By Editors | 05/12/2024
The Plenary reviewed policy work on climate-related financial risks, crypto-assets and global stablecoins, cross-border payments, and NBFI.
Operational Risk
HK Banks Making ‘Good Progress’ on Operational Resilience: HKMA
By Manesh Samtani | 04/12/2024
HKMA’s Carmen Chu said all Hong Kong banks have developed the relevant frameworks and most are now conducting mapping and scenario testing exercises.
Liquidity Risk
Bank of Korea Pledges ‘Unlimited’ Liquidity to Keep Markets Stable
By Manesh Samtani | 04/12/2024
The central bank pledged to keep financial markets stable after the President unexpectedly declared and then rescinded martial law.
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