Prudential Risk

Emerging Prudential Risks

Australia AGD Moves to Reform Bankruptcy Law

By Sanday Chongo Kabange | 12/07/2024

Attorney-General Mark Dreyfus said the amendments would ensure a fairer outcome for debtors in the personal insolvency system.

Capital Adequacy

RBI Permits Banks to Use Ratings by Brickwork Ratings India

By Ajoy K Das | 12/07/2024

SEBI had cancelled Brickwork’s registration as a CRA in 2022, but the central bank now has allowed banks to use its ratings for loans up to INR 2.5 billion.

Operational Risk

US Regulators Impose $135m Fine on Citigroup

By Nithya Subramanian | 11/07/2024

Federal Reserve and OCC penalise Citigroup for ongoing deficiencies in risk management and data governance.

Credit Risk

JSDA Seeks to Add Protection Clauses to Corporate Bonds

By Editors | 10/07/2024

JSDA will reportedly encourage the use of change of control clauses and reporting covenants in corporate bonds with lower ratings.

Operational Risk

Bangladesh Bank Issues External Auditor Rules for Banks

By Ajoy K Das | 10/07/2024

The central bank has stipulated that an external auditor appointed by a bank cannot audit the same bank for more than three consecutive years.

Operational Risk

BCBS Consults on Principles for Managing Third-Party Risk

By Editors | 10/07/2024

The BCBS offers 12 high-level principles on the effective management and supervision of risks arising from third-party arrangements.

AI Risk & Governance

BIS to Explore Approaches for Monitoring Supply Chain Shocks

By Editors | 10/07/2024

BIS will use granular data, analytics and AI to improve monitoring of global supply chains and better assess their economic and financial impacts.

Structural Regulation

BNM Finalises Licensing Framework for Digital Insurers

By Editors | 09/07/2024

BNM will no longer limit the number of licences to five. Applications will be accepted throughout 2025 and 2026.

Emerging Prudential Risks

Hong Kong Passes Bill to Raise Depositor Protection Limit

By Sanday Chongo Kabange | 09/07/2024

The bill will raise the protection limit from the current HKD 500,000 to HKD 800,000, effective on 1 October 2024.