Prudential Risk

Cryptocurrency

Singapore Crypto Lender Hodlnaut to Enter Into Liquidation

By Editors | 13/11/2023

Creditors rejected Hodlnaut’s restructuring plan, believing a liquidation would maximise the distribution of the remaining assets.

Fraud, Scams & Cybercrime

Korea FSS Fines Woori Over Fresh Embezzlement Case

By Sanday Chongo Kabange | 13/11/2023

Woori’s latest embezzlement case involves an employee who stole over KRW 200 million from the bank.

Clearing & Post-Trade

Japan FSA Grants QCCP Recognition to TAIFEX

By Manesh Samtani | 13/11/2023

The QCCP recognition will enable Japanese financial institutions to participate in central clearing of OTC derivatives in Taiwan.

Credit Risk

BIS Paper Addresses Supervisory Challenges of LEX Standard

By Manesh Samtani | 10/11/2023

The paper says automated tools can make supervisory oversight of the LEX standard more efficient, and additional international guidance could help harmonise practices.

Capital Adequacy

HKMA to Update Basel III Implementation Timetable Again

By Editors | 10/11/2023

The standards on credit risk, operational risk, market risk, CVA risk and the output floor will take effect on 1 January 2025.

Market Risk

CSRC Asks Brokers to Curb Leverage Bets by Hedge Funds – Report

By Editors | 10/11/2023

The CSRC is concerned that excessive leverage could cause excessive market risks, especially in a volatile stock market environment.

Cloud & Infrastructure

RBI Report Highlights Growing Role of Fintech in Providing Credit

By Ajoy K Das | 09/11/2023

Regulation needs to be quick and nimble to promote access and growth while ensuring financial stability, the report says.

Resolution & Recovery

EU Lawmakers Back Plans to Improve Bank Resolution Framework

By Editors | 09/11/2023

Jonás Fernández said the rule changes will level the playing field among different banking structures in the EU, while ensuring that banks will remain safe.

Credit Risk

SFC Issues Guidance on IPO Services Ahead of FINI Launch

By Editors | 09/11/2023

The SFC outlines risk management considerations for licensed corporations offering IPO services ahead of HKEX’s launch of a new IPO settlement platform.