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Prudential Risk
Credit Risk
Philippines: NPLs at Digital Banks Continue to Rise
By Sanday Chongo Kabange | 10/04/2024
Only two of the Philippines’ six digital banks are currently profitable. Yet, while NPLs are rising, deposit growth is still strong.
Capital Adequacy
HKMA Consults on Revisions to Bank Disclosure Guidelines
By Editors | 10/04/2024
The revisions are related to the implementation of the Basel III final reform package. The consultation is open until 7 May 2024.
Credit Risk
Bangladesh Bank Tightens Loan Classification Norms
By Ajoy K Das | 10/04/2024
Banks will need to treat loans as non-performing the day after a missed instalment starting from 31 March 2025.
Operational Risk
BNM Directs CIMB, Maybank to Explain Recent Service Outages
By Editors | 10/04/2024
CIMB Malaysia experienced service disruptions on some of its services on Tuesday, while Maybank saw some disruptions last Friday.
Operational Risk
NZ FMA to Require Operational Resilience as Licence Condition
By Sanday Chongo Kabange | 09/04/2024
The FMA also launched a new “light-touch” online notification form for licence holders to notify the regulator of material incidents.
Credit Risk
CCB Files Winding-up Petition Against Chinese Developer Shimao
By Editors | 09/04/2024
In other cases involving Chinese developer defaults, legal action was initiated by foreign creditors, not a state-owned bank.
Emerging Prudential Risks
US Treasury and PBOC to Conduct Joint Financial Shock Exercises
By Manesh Samtani | 09/04/2024
The exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks.
Resolution & Recovery
FINMA Attempts to Withhold Documents in Credit Suisse-related Lawsuits
By Editors | 09/04/2024
The lawsuits relate to losses suffered by investors as a result of a decision by Swiss authorities to wipe out Credit Suisse AT1 bonds in the bank’s rescue last year.
Emerging Prudential Risks
FSC Korea Establishes “Future Response Finance Taskforce”
By Editors | 08/04/2024
The taskforce will work to address financial industry challenges associated with demographic changes, climate change, and technological advancements.
Emerging Prudential Risks
PBOC Establishes Re-lending Facility to Support Tech Innovation
By Editors | 08/04/2024
The CNY 500 billion facility will be used to support sci-tech innovation, technical transformation and equipment renewal.
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