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Prudential Risk
Emerging Prudential Risks
PBOC Unexpectedly Cuts Rates to Stimulate Economy
By Editors | 23/07/2024
The PBOC also said banks can apply for a phased reduction or exemption of MLF collateral if they intend to sell medium- and long-term bonds.
Operational Risk
US Banks Not Managing Operational Risk Well, OCC Finds
By Nithya Subramanian | 23/07/2024
Confidential assessments by the OCC reportedly found that many banks scored poorly on their management of operational risk.
Liquidity Risk
BOK Enhances Ability to Provide Liquidity Support During Crisis
By Manesh Samtani | 23/07/2024
Six central associations can engage in repo transactions with BOK, enabling them to obtain liquidity in the event of a crisis.
Emerging Prudential Risks
NBFI Vulnerabilities Remain Largely Unaddressed, Warns FSB
By Manesh Samtani | 22/07/2024
The global financial system remains susceptible to further shocks, the FSB says, calling for faster implementation of reforms to address NBFI vulnerabilities.
Cybersecurity
Global IT Outage: ‘Significant Number’ of Affected Devices Back Online
By Manesh Samtani | 22/07/2024
NAB, CBA, SGX, LSE, Amex, Barclays, Macquarie Capital, and TD Bank were among those impacted, along with some Indian and Philippine banks.
Operational Risk
APRA Reduces Westpac’s Operational Risk Capital Add-on
By Sanday Chongo Kabange | 19/07/2024
APRA reduced Westpac’s A$1bn operational risk capital add-on by half in response to progress made to address risk governance concerns.
Cloud & Infrastructure
US Treasury Publishes Cloud Adoption Guidance for FIs
By Editors | 18/07/2024
The new set of documents are intended to arm FIs of all sizes with effective practices for secure cloud adoption and operations.
Conduct, Culture & Accountability
FSS Korea to Sanction Execs for Internal Control Issues
By Manesh Samtani | 18/07/2024
FSS sets out how it will decide on imposing sanctions on CEOs and executives who violate their internal control management duties.
Emerging Prudential Risks
BCBS Publishes Final Standards for Bank Crypto Exposures
By Manesh Samtani | 17/07/2024
The BCBS published final amendments to the prudential standard and the final disclosure framework for banks’ cryptoasset exposures.
Conduct, Culture & Accountability
Korea to Improve Fairness of Early Loan Repayment Fees
By Editors | 17/07/2024
Lenders will be required to calculate early repayment fees based on actual losses and loan-related costs incurred.
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