Prudential Risk

Credit Risk

China NFRA Urges Banks to Lend to Real Estate Sector

By Editors | 06/02/2024

The NFRA asked banks to actively engage with the new real estate finance coordination mechanism and “fully meet reasonable financing needs as much as possible”.

Conduct, Culture & Accountability

SFC Fines PICC Asset Management for Fund Management Failures

By Sanday Chongo Kabange | 06/02/2024

The SFC penalised PICC Asset Management for failing to discharge duties as the manager of a Cayman-incorporated fund.

Structural Regulation

EU to Ramp Up Monitoring of BigTech Financial Services

By Manesh Samtani | 05/02/2024

The provision of financial services by BigTechs does not yet pose a financial stability risk, but policy action may be required as these activities continue to grow.

Credit Risk

PBOC Fines Six Rating Agencies, Including Unit of S&P Global

By Editors | 05/02/2024

The agencies were found to have shortcomings in their rating business processes, violating independence requirements and breaching consistency principles.

Operational Risk

US OCC Fines RBC’s US Unit Over Risk Management Deficiencies

By Editors | 03/02/2024

A cease-and-desist order requires the bank to take “broad and comprehensive corrective actions” to improve its strategic planning and internal controls.

Operational Risk

China Issues Reputational Risk Management Rules for Futures Firms

By Manesh Samtani | 02/02/2024

Futures companies are required to integrate reputational risk management across all departments, branches, subsidiaries, and staff.

Credit Risk

China Rolls Out Coordination Mechanism for Real Estate Financing

By Editors | 01/02/2024

Guangxi and Chongqing released “whitelists” of real estate projects that are eligible for financing, with one already receiving a loan from Minsheng Bank.

Trading & Investment

Chinese State-backed Investors on ETF Buying Spree – Reports

By Editors | 01/02/2024

There have been “large and unusual flows” into ETFs tracking the CSI 300 this month, likely from state-backed investors.

Operational Risk

APRA Outlines Supervision and Policy Priorities for H1 2024

By Sanday Chongo Kabange | 01/02/2024

APRA’s priorities will include operational and cyber resilience, and embedding lessons from last year’s banking turmoil, among other areas.