Prudential Risk

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    Operational Risk

    Hong Kong Completes Transition to Multiple CRA Operating Model

    By Editors | 26/11/2024

    The migration of consumer credit reference services to “Credit Data Smart” was completed on 24 November. HKMA welcomed the “milestone”.

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    Emerging Prudential Risks

    Indonesia’s OJK Launches Roadmap to Strengthen Microfinance Sector

    By Nithya Subramanian | 26/11/2024

    The five-year roadmap aims to enhance MFIs by focusing on governance, risk management, education, and ecosystem development.

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    Structural Regulation

    Japan Announces $250B Economic Stimulus Package

    By Thisanka Siripala | 26/11/2024

    The stimulus package includes increases to the annual income tax free threshold in order to boost disposable incomes.

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    Fraud, Scams & Cybercrime

    Korean Court Declares Haru Invest Bankrupt Amid Crypto Fraud

    By Nithya Subramanian | 26/11/2024

    The ruling paves the way for asset liquidation. A creditors’ meeting is set for February 2025 to chart the recovery process.

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    Capital Adequacy

    ECB Compares EU and US Capital Requirements for Banks

    By Mark Johnston | 23/11/2024

    The ECB hasn’t yet decided whether to publish its analysis, which reportedly shows that EU banks would face significantly higher capital requirements if they were subject to US rules.

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    Conduct, Culture & Accountability

    Compensation Must Be Aligned with Prudent Risk-Taking: FSB

    By Manesh Samtani | 22/11/2024

    New FSB report identifies legal and regulatory challenges associated with the use of compensation tools to promote prudent risk taking.

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    Capital Adequacy

    MAS Streamlines Product Approval Process for Life Insurers

    By Nithya Subramanian | 22/11/2024

    Revised notices ease the approval process, requiring life insurers to seek prior approval only for products with features entirely new to the industry.

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    Capital Adequacy

    HKMA Shares Good Practices to Support Basel III Implementation

    By Manesh Samtani | 22/11/2024

    The HKMA encourages banks to maintain their momentum as the 1 January 2025 implementation date for certain aspects of Basel III approaches.

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    Structural Regulation

    ASX Amends Position Reporting Framework, Operating Rules

    By Editors | 21/11/2024

    The changes aim to align terminology with global practice, clarify reporting requirements, and remove burdensome notification requirements.

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    Capital Adequacy

    BCBS Issues Work Update, Calls for Full Basel III Implementation

    By Editors | 21/11/2024

    Next month BCBS will publish the final CCR guidelines, a report on the CCyB, and Korea’s NSFR and large exposures assessment reports.

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