Prudential Risk

Market Abuse

Evergrande Seeking to Recover $6bn from Former Executives

By Manesh Samtani | 06/08/2024

The lawsuit, which includes founder Hui Ka Yan as a defendant, was filed in March but only now revealed after a confidentiality order was lifted.

Structural Regulation

HKMA Confirms Plans to Simplify Three-Tier Banking System

By Manesh Samtani | 06/08/2024

Deposit-taking companies will have a five-year transition period to meet a HK$100mn capital requirement, compared to HK$25mn.

Operational Risk

APRA Removes NM Super’s Additional Licence Conditions

By Sanday Chongo Kabange | 06/08/2024

The additional licence conditions were imposed by APRA in 2019 over governance and risk management concerns.

Credit Risk

RBI Revises NPA Provisioning Norms for Cooperative Banks

By Ajoy K Das | 05/08/2024

The RBI’s instructions aim to ensure uniformity in the treatment of Bad and Doubtful Debt Reserves for prudential purposes.

PEPs & Sanctions

Myanmar Punishes Exporters for Failure to Convert FX to Kyat

By Editors | 05/08/2024

Over 100 companies have had their export licences revoked. Their owners face potential jail time and asset confiscation.

Emerging Prudential Risks

South Korea’s Top Financial Regulator Gets New Chairman

By Manesh Samtani | 05/08/2024

The FSC’s new chairman, Kim Byoung Hwan, has set out his key areas of focus to ensure financial market stability in Korea.

Trading & Investment

Beijing Financial Assets Exchange to Refocus Business on Bonds

By Editors | 03/08/2024

The financial asset exchange said it will no longer conduct business involving the transfer of property rights and non-performing assets.

Cloud & Infrastructure

BigTech Integration in Finance Poses Challenges: RBI Report

By Ajoy K Das | 03/08/2024

RBI report discusses BigTech in financial services, financial sector digitalisation, international payments initiatives and India’s CBDC.

Climate Risk

RBI to Release Additional Guidance on Climate-related Risks

By Ajoy K Das | 02/08/2024

RBI official said guidance will be released on scenario analysis, stress testing and effective management of climate-related financial risks.