Prudential Risk

Stablecoins

Fed Unveils New Supervision Programme for Banks Engaging With Crypto

By Manesh Samtani | 10/08/2023

The Fed requires banks to obtain a written notification of supervisory nonobjection before engaging in activities involving stablecoins.

Capital Adequacy

BlackRock to Trim Capital in South Korean Unit by 62 Percent

By Editors | 09/08/2023

Reports suggest that the move is linked to BlackRock’s shift away from retail business in Korea two years ago, as well as a potential tax rule change in the country.

Capital Adequacy

US Majors Reveal Expected Costs for FDIC Special Assessment

By Editors | 09/08/2023

JPMorgan Chase, Bank of America, Wells Fargo and Citigroup expect to pay a combined $8.2bn to replenish the fund.

Operational Risk

Banks Showing Lowest Operational Risk Losses in Years: ORX

By Editors | 08/08/2023

While 2022 gross operational risk losses were the lowest since 2017, an increase in fraud is driving up annual loss frequency, ORX says.

Market Risk

Chinese Banks Asked to Report More Granular FX Trading Data – Report

By Editors | 07/08/2023

Banks were asked to report detailed data, including quarterly and annual spot and currency derivative trading volume.

Credit Risk

EBA Issues Report on the Use of Machine Learning for IRB Models

By Manesh Samtani | 07/08/2023

The report proposes a set of principle-based recommendations to ensure the appropriate use of ML techniques by institutions in the context of IRB models.

Liquidity Risk

China Pledges More Support for Private Enterprises

By Editors | 07/08/2023

The measures include more financial support for private enterprises including developers, easier visa rules, and tax exemptions.

Capital Adequacy

HKMA Updates Timetable for Implementing Basel III Reforms

By Editors | 06/08/2023

The HKMA asks the banking industry for comments on the latest timetable by 4 September 2023.

Trading & Investment

UK FCA Publishes Supervisory Strategy for Principal Trading Firms

By Mark Johnston | 05/08/2023

The FCA underlines operational resilience and Brexit’s implications among its its key supervisory priorities for principal trading firms.