Prudential Risk

Structural Regulation

China Regulators Have Upbeat Message for Market Participants

By Editors | 09/11/2023

China will continue opening up its markets and supporting vulnerable parts of the economy. Two new foreign-funded insurance brokerage companies were approved this week.

Operational Risk

DBS to Strengthen In-House Software Engineering Team

By Editors | 08/11/2023

DBS chief Piyush Gupta said deeper engineering talent is needed in-house to troubleshoot software bugs such as those that caused this year’s service disruptions.

Cybersecurity

RBI Finalises New Master Directions on IT Governance

By Ajoy K Das | 08/11/2023

The master directions, effective from 1 April 2024, specify the IT governance responsibilities of the board and senior management.

Trading & Investment

Finance Leaders Highlight Risks, Opportunities at Key Hong Kong Summit

By Manesh Samtani | 08/11/2023

Chinese vice premier He Lifeng pledged continued support for Hong Kong. CSRC vice chairman Wang Jianjun discussed efforts to further expand Stock Connect.

Operational Risk

Singapore’s OCBC Experiences 2.5 Hour Service Disruption

By Editors | 08/11/2023

In Singapore, banks are required to ensure that critical systems and services can be restored within four hours following an outage.

Stablecoins

UK Regulators Set Out Roadmap for Regulating Stablecoins

By Manesh Samtani | 07/11/2023

The FCA and BOE published discussion papers outlining the UK’s proposed regulatory approach for regulating fiat-backed stablecoins.

Structural Regulation

RBNZ Consults on New Policy for Branches of Overseas Banks

By Sanday Chongo Kabange | 07/11/2023

This is the RBNZ’s third consultation regarding its planned new policy for branches of overseas banks.

Capital Adequacy

CSRC Proposes to Relax Capital Rules for Securities Firms

By Editors | 07/11/2023

The proposal adjusts the way securities firms calculate risk weightings, effectively reducing their capital requirements and allowing them to deploy more funds into the capital market.

Emerging Prudential Risks

FSOC Revamps Oversight Framework for Non-Bank Sector

By Editors | 06/11/2023

The changes will make it easier for the FSOC to designate a non-bank as systemically importance, and speed up its ability to respond to risks.