Prudential Risk

Conduct, Culture & Accountability

RBI Issues Directions to Foster Loan Pricing Transparency

By Ajoy K Das | 17/04/2024

All regulated entities will have to provide a Key Facts Statement to borrowers of retail and MSME loans from 1 October 2024.

Emerging Prudential Risks

China’s Ability to Support Big Six Banks is ‘Constrained’: Fitch

By Editors | 17/04/2024

The large size of China’s banking sector and the number of D-SIBs constrain the government’s ability to support the sector, Fitch Ratings said.

Anti-Money Laundering

US, China Commence Meetings on AML, Financial Sector Resilience

By Mark Johnston | 16/04/2024

At the AML/CFT meetings, officials discussed virtual assets and beneficial ownership, with both sides agreeing to continue meeting regularly.

Climate Risk

ESG Requirements Could Hinder EU Banks’ Competitiveness – Report

By Nithya Subramanian | 16/04/2024

The EBF’s Denisa Avermaete said ESG buffers are problematic because they are an “exclusively European tool”.

AI Risk & Governance

IOSCO Establishes New Workstreams on AI, Tokenisation

By Manesh Samtani | 15/04/2024

New workstreams on green finance and credit default swaps will also be created, according to IOSCO’s updated work plan for 2024.

Market Data & Technology

APRA Issues Updated EFS Reporting Standards

By Sanday Chongo Kabange | 12/04/2024

The updated reporting standards and guidance will apply to reporting periods ending on or after 30 June 2024.

Cybersecurity

Financial Sector “Highly Exposed” to Cyber Risks, IMF Warns

By Manesh Samtani | 11/04/2024

This is the first time the IMF has assessed cybersecurity in its Global Financial Stability Report, which says cyber policy frameworks are “inadequate”.

Capital Adequacy

Switzerland Proposes Tighter Regulatory Requirements for Big Banks

By Nithya Subramanian | 11/04/2024

The Swiss Federal Council proposes to expand capital, liquidity and corporate governance requirements for D-SIBs, among other measures.

Capital Adequacy

EU May Adjust Bank Capital Rules to Ensure Competitiveness

By Nithya Subramanian | 11/04/2024

The European Commission could adjust bank capital requirements to maintain a level-playing field internationally for EU banks.