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Prudential Risk
Operational Risk
DBS Making Good Progress on Technology Resiliency: CEO
By Nithya Subramanian | 02/04/2024
“Complete clarity” on whether transactions are successful will be made available by end-April, along with options for alternative channels when the system is down.
Credit Risk
HKMA Announces Nine New Measures to Support SMEs
By Sanday Chongo Kabange | 02/04/2024
The measures will enhance the financing support for SMEs and make it easier for them to compare, select offerings from, and switch to different banks.
Credit Risk
Korea FSS to Launch Inspections at Troubled Credit Cooperative
By Editors | 02/04/2024
This will be the first time financial regulators are brought in to inspect MG Community Credit Cooperative, which is supervised by the Ministry of the Interior and Safety.
Credit Risk
Bangladesh Extends Deadline for Higher Provisions on Unrealised Losses
By Ajoy K Das | 01/04/2024
The extension was granted in response to fears that provisioning requirements based on the International Accounting Standards could lead to forced selling in the market.
Credit Risk
Japan Develops AI Model to Help Regional Banks Identify Risk
By Editors | 31/03/2024
The AI model can identify businesses that are showing signs of deterioration so banks can provide support before financial difficulties become insurmountable.
Emerging Prudential Risks
Korea Unveils Several New Initiatives to Finance Businesses
By Mark Johnston | 30/03/2024
The new financial support measures are aimed at supporting SMEs, vulnerable businesses, regional revitalisation projects, and technology firms.
Credit Risk
RBI Clarifies Norms for Investment in AIFs by Banks, NBFCs
By Ajoy K Das | 29/03/2024
The RBI said the provisioning requirement only applies to the amount invested in debtor companies and not the entire AIF investment.
Climate Risk
S. Korea: Banks, Insurers to Conduct Climate Stress Tests in H2
By Mark Johnston | 28/03/2024
The BOK and FSS will create climate scenarios in H1 which 15 financial firms will have to use in stress tests in H2.
Cybersecurity
US Treasury Publishes Report on AI-Specific Cyber Risks
By Manesh Samtani | 28/03/2024
The report outlines measures including the development of a common AI lexicon and a data lake to help FIs train AI models to detect fraud.
Conduct, Culture & Accountability
SEBI Suspects Mis-selling of Mutual Fund Products
By Ajoy K Das | 27/03/2024
SEBI is assessing whether AMCs sold long-duration and small cap funds to senior citizens without them properly understanding the risks.
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