Prudential Risk

Operational Risk

China NFRA Updates Rules on Operational Risk Management

By Manesh Samtani | 28/07/2023

The rules implement “differentiated regulatory requirements” based on an institution’s development strategy, business scale, complexity, and risk status.

Capital Adequacy

US Regulators Propose Stricter Rules on Bank Capital

By Manesh Samtani | 28/07/2023

Fed governor Michelle Bowman said there is “insufficient evidence” that the benefits produced by the proposals would justify the costs.

Structural Regulation

China Appoints Pan Gongsheng as New PBOC Governor

By Mark Johnston | 28/07/2023

China has appointed Pan Gongsheng as the new central bank governor, ahead of a high-level meeting on financial policies and regulations.

Climate Risk

RBI to Issue Guidance on Climate-related Credit Risks for Banks

By Mark Johnston | 26/07/2023

The RBI is also working on a disclosure framework for climate-related financial risks and guidance on climate scenario analysis.

Liquidity Risk

FDIC Directs Banks to Fix Incorrectly Reported Uninsured Deposits

By Mark Johnston | 26/07/2023

The FDIC said some banks are understating uninsured deposits by excluding those backed by collateral, which is “incorrect”.

Operational Risk

ECB Consults on Risk Data Aggregation and Reporting Guide

By Editors | 26/07/2023

ECB seeks feedback on effective risk data aggregation and reporting practices to strengthen banks’ risk management capabilities.

PEPs & Sanctions

Ukraine Government Nationalises Russian-owned Sense Bank

By Editors | 25/07/2023

A bill was signed into law in June that allows Ukraine’s government to nationalise banks owned by sanctioned Russian actors

Structural Regulation

What Asset Managers Should Know About China’s New Rules for Private Funds

By Melody Yang | 25/07/2023

Melody Yang and YuYing Wang discuss the impact to global asset managers who are raising funds from Chinese investors or establishing private funds onshore.

Credit Risk

UBS Penalised $388m Over Credit Suisse’s Archegos Failings

By Editors | 25/07/2023

US, UK, and Swiss regulators took coordinated action to punish the “unsafe and unsound” risk management practices at Credit Suisse.