Prudential Risk

Liquidity Risk

CSRC Designates 13 Funds as “Major” Money Market Funds

By Editors | 10/02/2024

The funds will have to comply with stricter regulatory requirements under rules jointly issued with the PBOC in February 2023.

Emerging Prudential Risks

US Regulators Expand Reporting Requirements for Private Funds

By Manesh Samtani | 10/02/2024

The amendments will require detailed reporting on hedge funds’ concentrated positions, counterparty exposures and financing arrangements.

Conduct, Culture & Accountability

DBS Cuts CEO Compensation Over Digital Banking Disruptions

By Ranamita Chakraborty | 08/02/2024

MAS set expectations last November for DBS to hold its senior management accountable for digital banking disruptions that occurred last year.

Supervision & Enforcement

Korea to Boost Supervision of Troubled Credit Cooperative

By Sanday Chongo Kabange | 08/02/2024

Korea’s Ministry of the Interior and Safety will bolster its supervision over MG Community Credit Cooperative with help from the FSC.

Structural Regulation

India: IRDAI to Scrap Pre-approval Requirement for Insurer IPOs

By Ajoy K Das | 07/02/2024

Seven different regulations for insurance companies are being merged to enhance ease of doing business.

Capital Adequacy

HKMA Consults on Capital Treatment of Cryptoasset Exposures

By Manesh Samtani | 07/02/2024

The proposals are based on the Basel standards, applying a 1,250% risk weight to so-called Group 2b cryptoassets.

Cybersecurity

Cybersecurity is the Biggest Risk for Global Banks: Survey

By Nithya Subramanian | 07/02/2024

The EY-IIF report says cyber threats are constantly morphing with evolving links to geopolitical, technology and third-party risks.

Conduct, Culture & Accountability

FSS Korea Warns of Stern Measures for Financial Misconduct

By Mark Johnston | 07/02/2024

FSS Korea warns of stern repercussions for misconduct by financial firms, excessive risk-taking, and high fees and interest rates.

Resolution & Recovery

Hong Kong to Raise Bank Deposit Protection Limit in Q4

By Manesh Samtani | 07/02/2024

Hong Kong’s deposit protection limit will be raised from HKD 500,000 to HKD 800,000, the first increase in 13 years.