Prudential Risk

Capital Adequacy

RBI Moves SBI and HDFC to Higher Buckets on D-SIBs List

By Nithya Subramanian | 29/12/2023

SBI and HDFC will have to maintain higher CET1 requirements from 1 April 2025. ICICI remains in the same bucket.

Climate Risk

NYDFS Finalises Guidance on Climate Risk Management

By Manesh Samtani | 27/12/2023

NYDFS has finalised the guidance but plans to first collect information from regulated organisations before establishing any concrete implementation timelines.

Structural Regulation

Hong Kong Consults on Implementation of Global Minimum Tax

By Editors | 22/12/2023

Hong Kong intends to apply the global minimum effective tax rate of 15 percent on in-scope MNE groups starting from 2025 onwards.

Clearing & Post-Trade

SEBI Directs Clearinghouses to Back-up Risk Management Systems

By Ajoy K Das | 22/12/2023

Clearing corporations should be able to a SaaS-based RMS within 30 minutes in the event of a disruption with their existing RMS.

Liquidity Risk

FSB, IOSCO Issue Guidance to Address Liquidity Mismatch in Funds

By Manesh Samtani | 21/12/2023

The FSB recommendations and IOSCO guidance aim to strengthen liquidity management by managers of open-ended funds.

Credit Risk

RBI Bars Lenders from Investing in Debtor Firms via AIFs

By Ajoy K Das | 21/12/2023

Lenders are prohibited from investing in AIF schemes that have downstream investments in companies that owe money to the lender.

Credit Risk

HKMA Addresses Rumours that Banks are Calling in Loans

By Mark Johnston | 21/12/2023

Rumours have emerged that banks are demanding early repayments from borrowers whose collateral values have fallen. The HKMA says this is not the case.

Operational Risk

CFTC Proposes Rules on Operational Resilience, Funds Segregation

By Editors | 20/12/2023

The CFTC also granted DCO registration to a crypto derivatives exchange and brokerage, allowing it to act as its own clearinghouse.

Operational Risk

China Issues New Rules for Consumer Finance Companies

By Editors | 20/12/2023

The rules focus on improving corporate governance, strengthening risk management, and enhancing protections for financial consumers.