Prudential Risk

Credit Risk

New Zealand Court Fines Lender for Credit Law Breaches

By Sanday Chongo Kabange | 14/11/2024

Some of Eagle MAN’s loans charged an interest rate of 182.5 percent per annum, on top of credit and default fees.

Structural Regulation

China Announces New Tax Policies to Support Property Market

By Editors | 14/11/2024

Individuals purchasing residential property under 140 square meters or will pay deed tax at a rate of 1 percent.

Conduct, Culture & Accountability

Korea FSS Fines Shinhan Bank over Prohibited Business Conduct  

By Sanday Chongo Kabange | 13/11/2024

The FSS fined Shinhan Bank KRW 280 million and directed the bank to improve its internal controls for handling vulnerable customers.

Capital Adequacy

HKMA Proposes Revisions to Policy Manual on Pillar 2 Capital

By Sanday Chongo Kabange | 12/11/2024

The revisions incorporate the Basel III reforms and allow Pillar 2 capital charges to be imposed for inadequate systems and controls to address climate risks.

Cybersecurity

BSP to Probe GCash Over Unauthorised Deductions

By Sanday Chongo Kabange | 12/11/2024

The unauthorised deductions incident was attributed to a “system error”, but the BSP has vowed to investigate.

Market Risk

Navigating APRA’s Revised IRRBB Requirements

By Bradley Maclean | 12/11/2024

Australian bankers are concerned about tight implementation timelines for APS 117, given the significant model development and testing work needed.

Structural Regulation

BIS Announces Pablo Hernández de Cos as Next General Manager

By Editors | 12/11/2024

Pablo Hernández de Cos, the former Governor of the Bank of Spain, will take over from Agustín Carstens starting 1 July 2025.

Liquidity Risk

IOSCO Updates Fund Liquidity Risk Management Recommendations

By Manesh Samtani | 12/11/2024

The proposed updates emphasise the need for open-ended funds to implement anti-dilution and quantity-based liquidity management tools in both normal and stressed market conditions.

Emerging Prudential Risks

Levies for NZ’s Depositor Compensation Scheme to be ‘Risk-based’

By Editors | 12/11/2024

New Zealand’s four largest banks will pay about three-quarters of the total levies collected to fund the Depositor Compensation Scheme.