Prudential Risk

Capital Adequacy

IAIS Launches Final Consultation on New Insurance Capital Standard

By Editors | 26/06/2023

The IAIS issued its fourth and final public consultation on the ICS ahead of its planned adoption at the end of 2024.

Structural Regulation

Philippine Central Bank Set to Get New Governor

By Sanday Chongo Kabange | 25/06/2023

Eli Remolona, who previously spent more than 30 years between the NY Fed and BIS, will serve a six-year term as BSP governor starting 3 July.

Cybersecurity

CFTC to Propose Rule on Operational and Cyber Resilience

By Editors | 23/06/2023

CFTC commissioner sees a need for the industry to shift “from incident response to cyber resilience”. New rule will be proposed in the next few months.

Cloud & Infrastructure

FSB Consults on Third-Party Risk Management Toolkit

By Editors | 23/06/2023

The toolkit has been developed amid a growing reliance on third-party service providers for critical financial sector operations.

Capital Adequacy

SNB Calls for Regulatory Changes to Prevent Future Banking Crises

By Mark Johnston | 23/06/2023

The SNB says Credit Suisse AT1 bonds should have been wiped out earlier, and that a review of the too-big-to-fail framework is needed.

Credit Risk

Hong Kong Banks Partner with ECIC on Export Loan Risk Sharing

By Editors | 21/06/2023

The risk-sharing arrangement will make it easier for Hong Kong firms to obtain credit insurance and bank financing for trade with the mainland.

Liquidity Risk

FSC Korea Set to Start Normalising Bank Liquidity Requirements

By Manesh Samtani | 20/06/2023

Banks will have to maintain 95% LCR between July and December, up from 92.5%. Requirements for 2024 will be decided by year-end.

Clearing & Post-Trade

Initial Margin Breaches Surged in March at JSCC JGB Division

By Editors | 20/06/2023

The JSCC reportedly attributed the rise in breaches to interest rate volatility triggered by banking turmoil in the US in March.

Emerging Prudential Risks

BOE to Include Hedge Funds, Pension Funds in Scenario Exercises

By Editors | 20/06/2023

The system-wide exploratory scenario will encompasses hedge funds and pension funds alongside large banks, insurers, and CCPs for the first time.