Prudential Risk

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    Liquidity Risk

    EU Reaches Agreement on Rule Enhancements for Investment Funds

    By Editors | 25/07/2023

    AIMA’s deputy CEO Jiri Krol said some restrictions are “difficult to justify” but that AIMA has worked with policymakers to ensure they are “better defined and calibrated”.

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    Climate Risk

    EBA Initiates Consultation on Climate Risk Data Collection

    By Editors | 24/07/2023

    EBA initiates climate data consultation with EU banks for Fit-for-55 climate risk analysis in collaboration with ESAs, ECB, and ESRB.

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    Emerging Prudential Risks

    Sri Lanka Approves New Central Bank Act

    By Duruthu E Chandrasekera | 24/07/2023

    A separate governing board will be formed in addition to the monetary policy board to improve bank oversight and reduce conflicts of interest.

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    Clearing & Post-Trade

    SEBI Proposes Prudential Norms for Clearing Corporations’ Exposure

    By Ranamita Chakraborty | 24/07/2023

    India’s securities regulator is looking to protect clearing corporations through prudential regulations to limit their concentration risk.

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    Operational Risk

    APRA Finalises Guidance on Super Fund Investment Governance

    By Editors | 23/07/2023

    The guidance covers liquidity management, stress testing, valuation practices, and ESG expectations.

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    Credit Risk

    FSS Korea Cautions Securities Firms Against Real Estate-related Risks

    By Mark Johnston | 21/07/2023

    The financial watchdog met with local securities firms to assess and manage real estate-related risks amid concerns of rising overdue loans.

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    Emerging Prudential Risks

    PBOC Raises Macroprudential Cap on Overseas Borrowing

    By Editors | 21/07/2023

    The higher cap, applicable to both financial and nonfinancial businesses, is expected to encourage more capital inflows and provide support to the yuan.

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    Capital Adequacy

    European Parliament Advances ESG Update to Solvency II

    By ESG Investor | 21/07/2023

    The position to update Solvency II includes provisions for transition planning aligned to CSRD and explicit integration of ESG risks into insurers’ risk management processes.

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    Emerging Prudential Risks

    APRA, ASIC Calls on Super Funds to Improve Retirement Outcomes for Members

    By Sanday Chongo Kabange | 20/07/2023

    APRA deputy chair Margaret Cole said there has been a lack of progress and insufficient urgency overall when it comes to implementation of the Retirement Income Covenant.

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    Structural Regulation

    Korea to Loosen Rules for FIs on Foreign Subsidiary Ownership

    By Sanday Chongo Kabange | 20/07/2023

    The proposed reforms will enable Korean financial firms to more easily invest in and provide financial support to overseas subsidiaries.

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