Prudential Risk

Climate Risk

IAIS Published Strategic Plan for 2025-2029

By Mark Johnston | 27/10/2024

The strategic plan focuses on climate change, digital innovation, cyber risks, and building societal resilience.

Emerging Prudential Risks

IMF Warns Against Complacency Amid Geopolitical Uncertainty

By Thisanka Siripala | 26/10/2024

Market complacency could lead to an underestimation of risks and increase the chance of sudden surges in volatility and sudden shocks.

Credit Risk

New York Fed Says Banks are Obscuring Risks of CRE Loans

By Thisanka Siripala | 26/10/2024

New paper says banks are using “extend-and-pretend” tactics as a way to avoid recognising distressed loans in the commercial real estate market.

Capital Adequacy

MAS Consults on Risk-based Capital Framework For Insurers

By Nithya Subramanian | 25/10/2024

MAS proposes to introduce differentiated capital treatment for infrastructure investments and to revise the approach for structured products under the RBC 2 framework.

Operational Risk

APRA Amends Operational Risk Financial Requirement for Super Funds

By Thisanka Siripala | 25/10/2024

The amendments to the operational risk financial requirement (ORFR) under SPS 114 will take effect from 1 July 2025, to align with CPS 230.

Capital Adequacy

State Bank of Vietnam to Inject Capital into Vietcombank

By Mark Johnston | 25/10/2024

The capital injection is intended to boost state-owned Vietcombank’s capacity to support government policies and economic stability.

Capital Adequacy

BCBS Chair Warns Against Watering Down Basel III Rules

By Thisanka Siripala | 25/10/2024

A fragmented bank regulatory world could trigger “a race to the bottom” across jurisdictions and result in a “frail regulatory framework”, said Erik Thedeen.

Liquidity Risk

FSB Report Outlines Policy Implications of March 2023 Bank Runs

By Mark Johnston | 24/10/2024

The report summarises the FSB’s main findings from its work to draw lessons from the deposit runs that took place in March 2023.

Operational Risk

APRA to Intensify Scrutiny of Super Fund Expenditures

By Thisanka Siripala | 24/10/2024

RSE licensees will have to demonstrate how they determine that expenditures are in members’ best interests and how they are related to enhancing performance.