Prudential Risk

Cryptocurrency

Crypto Firm Zipmex Suspends Operations Due to Capital Shortfall

By Editors | 29/11/2023

Thailand’s laws require digital assets businesses to suspend business operations if they are unable to maintain the net liquid capital requirement.

Operational Risk

Banks Struggling to Implement Operational Resilience Standards: BCBS

By Manesh Samtani | 29/11/2023

The BCBS says full adoption of the Principles for Operational Resilience and revised Principles for the Sound Management of Operational Risk may take until at least 2025.

Credit Risk

PBOC to Boost Financial Support for Private Sector

By Editors | 29/11/2023

Banks are encouraged to continue providing financial services to private enterprises even if they run into temporary difficulties.

Operational Risk

Only Two G-SIBs Are Fully Compliant with BCBS 239

By Manesh Samtani | 29/11/2023

BCBS report suggests supervisors should consider more forceful measures to incentivise compliance with the principles for effective risk data aggregation and reporting.

Cryptocurrency

FSB Warns of Risks from Multi-function Crypto-Asset Intermediaries

By Manesh Samtani | 29/11/2023

The FSB calls for cross-border cooperation and enhanced information sharing to help regulate and supervise multi-function crypto-asset intermediaries operating globally.

Capital Adequacy

Low AUM, High Risk-based Capital Rules to Disrupt Funds Industry

By Nithya Subramanian | 28/11/2023

As MAS plans to repeal the RFMC regime, players said that consolidation and dropouts are expected to impact the industry.

Emerging Prudential Risks

FSB Publishes 2023 List of Global Systemically Important Banks

By Editors | 28/11/2023

The FSB added Bank of Communications to the G-SIBs list and removed Credit Suisse and UniCredit. Three banks moved to a higher capital buffer bucket.

Supervision & Enforcement

Chinese Police Launch Criminal Probe into Zhongzhi Group

By Mark Johnston | 27/11/2023

The announcement came just days after Zhongzhi, one of the largest conglomerates in China’s shadow finance sector, said it was insolvent.

Trading & Investment

Korean Regulator Probes Sales of High Risk Derivatives

By Editors | 27/11/2023

Korean banks and brokerage firms sold equity-linked securities tied to the HSCEI, which has fallen more than 50 percent from its peak in 2021.