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Prudential Risk
Climate Risk
ASIC Outlines Focus Areas for Financial Reporting, Auditing
By Sanday Chongo Kabange | 16/05/2024
ASIC’s priorities include certain ‘enduring focus areas’ along with climate reporting and compliance with ethical and independence standards.
Climate Risk
Japan Outlines Plans for Next Climate Scenario Analysis Exercise
By Editors | 14/05/2024
The results of the first exercise were published in August 2022. The second exercise will cover a shorter time horizon.
Market Abuse
FCA Offers Recommendations on Avoiding Surveillance Failures
By Manesh Samtani | 14/05/2024
The FCA says failures of market abuse surveillance are often caused by faulty implementation, bugs, and incomplete data ingestion.
Emerging Prudential Risks
Global Implementation of BCBS Cryptoasset Standard Deferred
By Manesh Samtani | 14/05/2024
The BCBS oversight body said implementation will be deferred one year. It also announced the appointment of a new BCBS Chair.
Resolution & Recovery
ICBC, BOC to Issue First TLAC Bonds This Week
By Editors | 14/05/2024
ICBC and Bank of China will each raise CNY 30 billion through TLAC bonds this week, their first such issuances.
Credit Risk
Korea Unveils New Measures to Speed Up PF Loan Restructuring
By Editors | 13/05/2024
The measures will ensure struggling real estate projects enter restructuring rather than delay the resolution of liquidity risks.
Market Risk
RBI Finalises Margin Rules for Non-Cleared OTC Derivatives
By Manesh Samtani | 13/05/2024
The master direction on VM and IM exchange for non-centrally cleared OTC derivatives will enter into force from 8 November 2024.
Climate Risk
US Fed Releases Summary Results of Climate Scenario Analysis
By Manesh Samtani | 12/05/2024
The six US banks that participated reported “significant data and modelling challenges”. Better Markets says the results are “appalling”.
Supervision & Enforcement
BNM Fines 14 Banks Over Erroneous Statistical Submissions
By Sanday Chongo Kabange | 09/05/2024
The reporting failures were caused by unresolved technical issues and inadequate operating procedures.
Conduct, Culture & Accountability
US to Ban Certain Incentive-Based Compensation Arrangements
By Editors | 08/05/2024
The proposed ban will also apply to US branches of foreign banks and certain subsidiaries of US financial institutions.
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