Prudential Risk

Payments & Settlements

Argentina Embraces Yuan Accounts to Tackle Dollar Shortage

By Editors | 04/07/2023

The central bank of Argentina stated that it has granted permission for local banks to accept yuan deposits.

Operational Risk

APRA Fines BNK Banking Corp for Late Reporting of EFS Data

By Sanday Chongo Kabange | 04/07/2023

APRA said BNK Banking Corporation was 32 days late in filing statistical reports for the month ending 28 February 2023.

Data Privacy

China to Impose Export Controls on Key Chipmaking Metals

By Sanday Chongo Kabange | 04/07/2023

China says the imposition of export curbs on gallium and germanium is to safeguard national security and interests.

Structural Regulation

IOSCO Declares Certain Credit Sensitive Rates Non-Compliant

By Manesh Samtani | 04/07/2023

IOSCO’s statement comes after the final five settings of USD LIBOR were published for the last time on Friday, marking the end of a more than 50 year old benchmark.

Operational Risk

RBI Sets Capital Requirements for Operational Risk

By Ranamita Chakraborty | 04/07/2023

Commercial banks in India will be required to explain their policies, frameworks, and guidelines for managing operational risk.

Credit Risk

PBOC Expands Lending Support Facilities to Boost SME, Agri Sectors

By Editors | 03/07/2023

The PBOC is expanding its relending and rediscounting facilities to incentivise commercial banks to issue loans to small businesses and the agricultural sector.

Credit Risk

SEBI Issues Rules Requiring CRAs to Name Uncooperative Issuers

By Sanday Chongo Kabange | 03/07/2023

SEBI has issued new rules to address the growing number of issuers refusing to provide information to CRAs to properly assess their credit risk.

Supervision & Enforcement

China: NFRA Issues Regulatory Ratings Framework for Finance Companies

By Editors | 03/07/2023

Finance companies with poor regulatory ratings will be subjected to “continuous regulatory attention” and listed as key targets for on-site inspections.

Liquidity Risk

BSP Ends Covid Relief Measure on Reserve Requirements

By Sanday Chongo Kabange | 02/07/2023

Banks can no longer count loans granted to MSMEs and large enterprises towards their compliance with reserve requirements.