Prudential Risk

Resolution & Recovery

ISDA, FIA, IIF Respond to FSB Consultation on CCP Resolution

By Mark Johnston | 21/11/2023

The industry groups welcomed the FSB’s focus on CCP resolution, but have raised some concerns and suggestions for improvement.

Credit Risk

China Pushes FIs to Provide Financing to Property Firms

By Editors | 20/11/2023

Financial firms were asked to meet all “reasonable financing needs” of property firms. A “white list” of firms eligible to receive financing is being drafted.

Credit Risk

HKMA Updates Margin Financing Guidance Ahead of FINI Launch

By Editors | 19/11/2023

The revised SPM module provides further guidance on a “holistic approach to risk management” of share margin financing.

Cybersecurity

India’s UCO Bank Calls in Federal Investigators to Probe Payments Disruption

By Ajoy K Das | 19/11/2023

The CBI is being called in to investigate a possible cyber-attack or manipulation of the state-owned bank’s internal systems.

Supervision & Enforcement

China Issues New Regulatory Ratings Framework for Trust Companies

By Editors | 19/11/2023

Trust companies with poor regulatory rating results will be subject to greater supervisory attention or more extreme measures.

Capital Adequacy

MAS Finalises New Notice for FHCs With Insurance Subsidiaries

By Editors | 19/11/2023

The new notice covers requirements on capital adequacy, valuation of assets, and policy liabilities in respect of life business and general business.

Cloud & Infrastructure

Regulatory Intervention Needed to Address Cloud Adoption Risks: BIS Paper

By Manesh Samtani | 18/11/2023

Indirect oversight of CSPs, i.e. requiring financial firms to manage the risks, “may not be sufficient from a systemic perspective”, the paper says.

Credit Risk

RBI Increases Consumer Credit Risk Weights for Banks, NBFCs

By Ajoy K Das | 17/11/2023

Banks and NBFCs will have to set aside more capital against personal loans and credit card receivables, and tighten their credit standards.

Fraud, Scams & Cybercrime

BCBS Publishes Discussion Paper on Digital Fraud and Banking

By Editors | 16/11/2023

The BCBS is seeking comments and feedback from stakeholders beyond the banking sector to better understand the status of digital fraud as well as its mitigants.