Prudential Risk

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.

Capital Adequacy

APAC Banking Sector Well-prepared for Basel III Adoption: Fitch

By Ranamita Chakraborty | 26/03/2024

APAC banking groups are well-prepared due to prevailing conservative regulatory approaches and less extensive use of internal models within the region.

Emerging Prudential Risks

RBNZ Finalises New Guidance on Managing Climate Risk

By Editors | 26/03/2024

Accounting for consultative feedback, the guidance includes more examples, reduces overlaps with other guidance, and draws more links to existing parts of the prudential regime.

Trading & Investment

China’s NFRA Proposes Updated Rules for Syndicated Loans

By Mark Johnston | 26/03/2024

The revised rules aim to encourage banks to develop their syndicated loan business, activate a secondary market for such loans, and promote fair and transparent pricing.

Supervision & Enforcement

RBI to Conduct Audits of IIFL Finance, JM Financial Products

By Ajoy K Das | 25/03/2024

The RBI is looking to conduct special audits of IIFL Finance and JM Financial Products, which were both hit with business restrictions earlier this month.