Prudential Risk

Emerging Prudential Risks

BSP, Deutsche Bundesbank Sign MOU on Capacity Building

By Mark Johnston | 19/02/2024

Philippines’ BSP and Germany’s Bundesbank signed an MOU to enhance capacity-building efforts through tailored training and advisory services.

Payments & Settlements

Bangladesh Bank Introduces Taka-Dollar Swap System

By Editors | 18/02/2024

The new system is expected to help the central bank rebuild foreign exchange reserves while also easing local currency liquidity stress.

Resolution & Recovery

HKMA Sets Out Resolution Planning Expectations in New Guidance

By Sanday Chongo Kabange | 17/02/2024

A new chapter has been added to the Code of Practice setting out the measures banks should have in resolution plans.

Resolution & Recovery

Philippines Mulls Increase to Deposit Insurance Limit – Report

By Editors | 16/02/2024

The PDIC will consult the BSP on whether an increase in the deposit insurance limit would have to be introduced alongside measures to mitigate moral hazard risks.

Cybersecurity

Korea Launches “Mock” Hacking Exercise Against Banks

By Manesh Samtani | 16/02/2024

Unlike conventional tabletop exercises that involve pre-agreed scenarios, the exercise will involve surprise hacking attempts against banks by ‘white hat’ hackers.

Clearing & Post-Trade

CPMI, IOSCO Propose “Effective” VM Practices for Cleared Markets

By Editors | 15/02/2024

The consultative report describes eight examples of effective practices for CCPs and their clearing members regarding variation margin processes and transparency.

Climate Risk

ISDA Develops Climate Scenarios for the Trading Book

By Manesh Samtani | 14/02/2024

The climate scenarios were developed in the second half of 2023 during a pilot exercise with more than 30 banks.

Operational Risk

APAC Regulators to Prioritise Resilience in 2024: Report

By Ranamita Chakraborty | 14/02/2024

Deloitte Regulatory Outlook says financial firms should be proactive in assessing capital adequacy and liquidity.

Credit Risk

India: RBI Deputy Governor Urges NBFCs to Monitor P2P Lending

By Ajoy K Das | 13/02/2024

Deputy Governor M Rajeshwar Rao cautioned that shady business practices and breach of licensing conditions in P2P lending in NBFCs were not acceptable.