Prudential Risk

Operational Risk

BNM Fines Bank of China’s Malaysia Unit for Outsourcing Violations

By Nithya Subramanian | 26/08/2024

BNM said the bank did not obtain prior approval before relocating core banking systems to new data centres.

Stablecoins

Circle Proposes New Capital Management Model for Stablecoins

By Ranamita Chakraborty | 25/08/2024

The proposed framework seeks to provide a comprehensive approach to managing the unique challenges faced by stable value tokens such as stablecoins.

Credit Risk

HKMA, HKAB Form New Joint Taskforce on SME Lending

By Sanday Chongo Kabange | 25/08/2024

The taskforce will work on ensuring effective implementation of the measures announced in March and addressing difficulties encountered by individual SMEs.

Credit Risk

China Bans Low Rated Trust Firms Certain Wealth Product Sales

By Mark Johnston | 24/08/2024

The NFRA is reportedly prohibiting lower-rated trust companies from selling wealth products underpinned by LGFVs.

Operational Risk

APRA Increases Capital Add-on Imposed on ANZ Bank

By Sanday Chongo Kabange | 23/08/2024

APRA said several issues emerging in ANZ’s markets business have increased its “longstanding concerns” about the bank’s non-financial risk management.

Emerging Prudential Risks

APRA Finalises Cross-industry Standard on Defined Terms

By Sanday Chongo Kabange | 23/08/2024

The new standard, CPS 001, will act as a central glossary for ADIs and insurers to promote more consistent definitions going forward.

Credit Risk

Korea Confirms Plans to Tighten Lending Rules in September

By Editors | 23/08/2024

Starting in September, the second phase of the ‘Stressed DSR’ rules will apply, and lenders will be required to calculate the DSR for all new household loans.

Emerging Prudential Risks

Australian Mutual Banks Face Consolidation Pressure: S&P Global Ratings

By Manesh Samtani | 22/08/2024

S&P Global Ratings suggests that as many as 40 mutual banks could disappear in the coming years, leaving fewer than 10 significant players in the market.

Credit Risk

Taiwan Considers New Measures to Control Property Speculation

By Editors | 22/08/2024

Banks are asked to develop “specific quantitative improvement plans” for managing the concentration of loans in the real estate sector.