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Prudential Risk
Credit Risk
BSP to Closely Scrutinise New Digital Banking Applicants
By Ranamita Chakraborty | 02/09/2024
Fitch Ratings says close scrutiny of the new applicants is likely given that the majority of the existing digital banks are still loss-making.
Emerging Prudential Risks
China Issues New Rules on Management of Infrastructure Assets
By Editors | 02/09/2024
The rules prohibit municipal governments from “illegal and irregular borrowing” to support infrastructure assets that don’t generate revenue, and from increasing “hidden debts”.
Credit Risk
Korea Threatens Further Restrictions on Lending to Households
By Manesh Samtani | 01/09/2024
Korean banks expect the regulatory pressure to trigger a “loan cold spell” during H2 this year, harming borrowers with real credit demand including genuine homebuyers.
Credit Risk
China NFRA Proposes Tighter Rules for Microfinance Industry
By Editors | 31/08/2024
A ¥200,000 single-customer limit is set for online loans taken by individuals, and a ¥10mn per household limit for loans by small and micro enterprises and their owners.
Trading & Investment
US SEC Adopts New Reporting Rules for Investment Funds
By Editors | 31/08/2024
Mutual funds and ETFs will have to report portfolio holdings monthly rather than quarterly. Swing pricing rules weren’t included in the amendments.
Capital Adequacy
UK to Postpone Basel III Implementation to Jan 2026
By Editors | 30/08/2024
The general election in mid-May left UK regulators unable to publish their rules in time for the original 1 July 2025 timeline.
Emerging Prudential Risks
MAS Seeking Data from Insurers on Reinsurance Arrangements
By Nithya Subramanian | 30/08/2024
Insurance companies have reportedly been asked to submit the terms and conditions of their reinsurance contracts to MAS.
Cryptocurrency
BCBS Paper Warns of Risks in Permissionless DLT Systems
By Manesh Samtani | 30/08/2024
New working paper describes the risks associated with permissionless DLT, highlighting the need for banks to adopt robust risk management strategies.
Market Risk
PBOC Starts Stress Testing FIs to Assess Bond Risks
By Mark Johnston | 29/08/2024
The stress tests will assess whether banks can withstand significant drops in bond prices, which could result if yields suddenly rise.
Emerging Prudential Risks
APRA Sets Priorities for Ensuring Financial System Resilience
By Sanday Chongo Kabange | 28/08/2024
APRA’s new corporate plan aims to ensure the financial and operational resilience of regulated entities, while also responding to new risks.
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