Prudential Risk

Capital Adequacy

RBI to Extend PCA Framework to Government NBFCs

By Editors | 12/10/2023

The RBI will extend the PCA framework to government NBFCs, except those in the “base layer”, from 1 October 2024.

Operational Risk

Banks Must Invest and Adapt to Changing Risks: Report

By Nithya Subramanian | 11/10/2023

As new technologies, players and risks emerge, global governments are broadening and deepening regulatory oversight, says a McKinsey report.

Credit Risk

China’s Real Estate Crisis Could Worsen, Warns IMF

By Manesh Samtani | 11/10/2023

House price declines could cause the balance sheets of banks and households to worsen and amplify financial risk.

Cloud & Infrastructure

The Philippines Banks on Cloud Adoption for Operational Resilience

By Ranamita Chakraborty | 11/10/2023

BSP’s Jovelyn Hao shares at a conference how the Philippine central bank sees cloud adoption as an enabler for banks’ operational resilience.

Resolution & Recovery

FSB Considers Ways to Improve Bank Resolution Framework

By Manesh Samtani | 11/10/2023

The FSB said its review of the Credit Suisse case validated the “appropriateness and feasibility” of the existing framework for resolving G-SIBs.

Capital Adequacy

SEBI Imposes Capital Rule on Execution-only Mutual Fund Platforms

By Editors | 10/10/2023

Category-II EOPs will be required to maintain at least INR 1 million (USD 12,000)  in capital with the stock exchange.

Clearing & Post-Trade

ASX Pledges to Remediate Issues Identified in RBA Assessment

By Manesh Samtani | 09/10/2023

The RBA said ASX has been operating at a “heightened level of overall risk level for an extended period” and this needs to be addressed “promptly”.

Cryptocurrency

Unregulated Crypto Could Create “Alternate Financial System”: IMF

By Nithya Subramanian | 09/10/2023

It has highlighted the need to step up transparency and data collection while proposing a country-level risk assessment matrix.

Capital Adequacy

UK’s Metro Bank Secures £925m Rescue Deal

By Manesh Samtani | 09/10/2023

NatWest, Santander, Lloyds, JPMorgan and HSBC were among the lenders that considered bids for some of Metro Bank’s assets over the weekend.