Prudential Risk

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.

Clearing & Post-Trade

SGX Proposed to Refine Cap on Clearing Member Liability

By Editors | 25/03/2024

The proposed cap is designed to provide clearing members certainty on their potential exposures when multiple defaults occur.

Emerging Prudential Risks

China Issues New Supervisory Ratings Framework for Insurers

By Mark Johnston | 23/03/2024

Insurers that offer green insurance or inclusive insurance will be awarded special bonus points to acknowledge ESG performance.

Liquidity Risk

Korea to Address Maturity Mismatch Risk in Trust & Wrap Products

By Editors | 23/03/2024

Legislative amendment requires firms offering trust and wrap products to adhere to certain risk management standards and obtain additional consent from investors.

Capital Adequacy

HK LegCo Reviews Legislation to Implement RBC Regime for Insurers

By Editors | 22/03/2024

The legislation covers revised qualifications for actuaries and the fees and levies payable to the IA. The new regime will commence from 1 July 2024.

Climate Risk

IAIS Launches Third Public Consultation on Climate Risk

By Editors | 22/03/2024

The consultation addresses issues relating to corporate governance, risk management and internal controls, valuation, investment policy and enterprise risk management.

Capital Adequacy

China Tightens Rules for Consumer Finance Companies

By Editors | 22/03/2024

The minimum registered capital is more than tripled to CNY 1 billion, and the major investors must have at least a 50% equity stake, compared to 30% previously.

Liquidity Risk

India: Small Cap Fund Investors Would Face Redemption Delays

By Ajoy K Das | 21/03/2024

Mutual fund stress tests reveal delays of up to 30 days in liquidating a quarter of a small-cap portfolio and up to 17 days in the case of a mid-cap portfolio.

Credit Risk

BOT to Randomly Inspect Banks to Assess Debt Restructuring Efforts

By Editors | 20/03/2024

The inspections will be used to ensure lenders are offering reasonable and realistic debt solutions to customers, in line with guidelines issued at the start of the year.