Prudential Risk

Capital Adequacy

FSB Commences Review of Post-GFC Securitisation Reforms

By Editors | 30/08/2023

The FSB will assess the extent to which the securitisation reforms are achieving their intended objectives.

Credit Risk

ASIC Calls on Lenders to Support Customers Experiencing Hardship

By Sanday Chongo Kabange | 30/08/2023

Financial hardship will be a key area of focus over the next year. ASIC will conduct a review of large home lenders to understand their approaches in this area.

Emerging Prudential Risks

APRA to Develop Cross-Industry Stress-Testing Framework

By Sanday Chongo Kabange | 30/08/2023

APRA will explore how shocks may be mitigated or propagated by interactions between banking, insurance, and superannuation.

Conduct, Culture & Accountability

CFTC Fines Goldman Sachs for Missing Audio Recordings

By Editors | 30/08/2023

Goldman’s vendor service for recording mobile calls failed during the pandemic. Commissioner Caroline Pham said the penalty is unfair.

Resolution & Recovery

US Proposes New Resolution Planning, Debt Rules for Banks

By Editors | 30/08/2023

Large banks would have to raise their long-term debt issuance by an estimated $70bn and issue more detailed resolution plans.

Operational Risk

OCBC Suffers Near Four-hour Bank Service Outage

By Editors | 28/08/2023

OCBC’s internet and mobile banking platforms were disrupted from around 8.30am until around 12.20pm on Monday.

Liquidity Risk

BNM Issues Draft Policy on Liquidity Risk Management

By Manesh Samtani | 28/08/2023

The policy requires banks to apply early warning indicators and liquidity stress tests to identify emerging liquidity risks and vulnerabilities.

Operational Risk

SFC Finalises Risk Management Guidelines for Futures Brokers

By Sanday Chongo Kabange | 28/08/2023

The new guidelines will take effect from 25 February 2024. An additional 12 months will be provided for certain changes.

Emerging Prudential Risks

Korea Monitoring Risks Arising from China Property Market

By Mark Johnston | 27/08/2023

Korean regulators say it is unlikely that problems in China’s property market will spread to the rest of the Chinese financial system, or to Korea’s economy.