Prudential Risk

Capital Adequacy

RBI Issues PCA Framework for Urban Cooperative Banks

By Ajoy K Das | 29/07/2024

Like commercial banks and NBFCs, UCBs will be required to take certain actions if they breach risk thresholds relating to capital, asset quality, and profitability.

Cybersecurity

ECB Concludes First Cyber Resilience Stress Test for Banks

By Manesh Samtani | 29/07/2024

The ECB said the results will help raise awareness about existing cyber risks and “the need for investment to further enhance cyber resilience”.

Resolution & Recovery

Hong Kong’s IA Appoints Managers to Take Control of Tahoe Life

By Nithya Subramanian | 29/07/2024

This is the first time the IA has taken control of a distressed insurer, which failed to resolve “issues arising from investments linked with related party transactions”.

Cloud & Infrastructure

US Regulators Request Information from Banks on Fintech Partnerships

By Editors | 27/07/2024

The Fed, FDIC, and OCC asked banks to provide information on their arrangements with third party fintech firms and risk management practices.

Market Risk

EU Adopts Delegated Act to Postpone FRTB Implementation

By Manesh Samtani | 26/07/2024

FRTB will be postponed in the EU to “preserve the global level playing field” for internationally active European banks in respect of their trading activities.

Liquidity Risk

RBI Issues Draft Revisions to Liquidity Rules for Banks

By Ajoy K Das | 26/07/2024

Banks will have to assign an additional run-off factor for retail deposits enabled with internet and mobile banking facilities.

Credit Risk

China Urges “High Quality” Firms to Use Foreign Debt Financing

By Editors | 25/07/2024

Companies that qualify as “high-quality enterprises” and apply for foreign debt quotas will have their applications expedited.

PEPs & Sanctions

UniCredit Drops Part of Appeal Against ECB’s Russia Exit Orders

By Editors | 25/07/2024

UniCredit said it has received “sufficient clarity” from the ECB on certain parts of its application to the GCEU.

Alternative Markets

ASIC Establishes Special Unit to Examine Valuations in Private Markets

By Ranamita Chakraborty | 25/07/2024

The dedicated unit will address transparency concerns in private markets, aiming to ensure fair practices and investor protection.