Prudential Risk

Resolution & Recovery

US Regulators Identify Shortcomings in Bank Resolution Plans

By Editors | 25/06/2024

BofA, Goldman, JPMorgan and Citi are required to address the identified shortcomings in their next resolution plans, due by 1 July 2025.

Credit Risk

HKMA Consults on Revised Credit Risk Mitigation Guidelines

By Mark Johnston | 24/06/2024

The revised SPM module is expanded compared to the 2001 version, aimed at strengthening banks’ management of collateral or guarantees.

Structural Regulation

China Give Small Banks Deadline to Establish Wealth Management Subsidiary

By Mark Johnston | 22/06/2024

The NFRA has reportedly given small banks until 2026 to establish a separate subsidiary if they wish to continue selling wealth management products.

Credit Risk

Hong Kong SFC Suspends Ex-PICC Investment Manager

By Sanday Chongo Kabange | 21/06/2024

The former investment manager failed to properly manage the risks of the fund, including liquidity and concentration risks.

Operational Risk

Super Funds Have More Work to Do on Valuation Governance: APRA

By Editors | 21/06/2024

APRA wrote to super fund trustees asking them to improve their valuation governance practices for unlisted assets, as required by SPS 530.

Market Risk

EU Confirms Decision to Postpone FRTB Implementation

By Editors | 20/06/2024

Commissioner Mairead McGuinness said postponing FRTB ensures a global level playing field for European banks that compete with global players.

Emerging Prudential Risks

PBOC to Start Participating in Treasury Bond Market ‘Gradually’

By Editors | 20/06/2024

Pan Gongsheng said including government bond trading in the PBOC’s monetary policy toolbox is needed to address risks similar to those that caused SVB’s collapse.

Credit Risk

Taiwan Targets Misuse of Loan Programme for First-time Homebuyers

By Mark Johnston | 19/06/2024

The government asked state-run lenders to tighten their reviews of mortgage applications and obtain affidavits from borrowers using the programme.

Trading & Investment

SEBI Mulls Measures to Contain Derivatives Trading Risks

By Ajoy K Das | 19/06/2024

SEBI is considering raising options margin requirements, enhancing disclosures, and changing brokers’ fee structures, among other measures.