Prudential Risk

AI Risk & Governance

Richmond Fed Offers Insights on the Use of AI in Banking

By Manesh Samtani | 19/06/2023

Bank supervisors express optimism regarding banks’ ability to leverage AI-based models in credit evaluation, despite the challenges.

Supervision & Enforcement

APRA Fines OnePath Custodians for Breaching Superannuation Law

By Sanday Chongo Kabange | 19/06/2023

OnePath Custodians failed to direct 125 default member contributions to a MySuper product as required by the law.

Fraud, Scams & Cybercrime

Henan Bank Fraud: PBOC to Refund Customers With Deposit Insurance

By Editors | 19/06/2023

The PBOC has agreed to mobilise over CNY 10 billion from the national deposit insurance fund to repay customers who were defrauded by four rural banks.

Capital Adequacy

FRAA Proposes Draft Metrics Framework for Assessing APRA, ASIC

By Editors | 18/06/2023

The framework will enhance the Financial Regulator Assessment Authority’s assessment toolkit and provide direct insights on APRA and ASIC’s activities.

Credit Risk

Taiwan Implements Additional Controls on Mortgage Lending

By Editors | 17/06/2023

The central bank attributed the tighter credit controls to the increasing number of individuals taking out mortgages for second homes.

Liquidity Risk

FSB, IOSCO Set to Propose Reforms to Address Fund Liquidity Risk

By Editors | 16/06/2023

The FSB and IOSCO said that they will both be publishing consultation papers on liquidity risk management in early July.

Resolution & Recovery

Australia Assessing Adequacy of Crisis Management Settings

By Ranamita Chakraborty | 16/06/2023

Regulators are assessing Australia’s crisis management settings to ensure they remain robust in light of international developments.

Payments & Settlements

BSP Proposes Enhance Guidelines for Electronic Fund Transfers

By Editors | 15/06/2023

In the event of unsuccessful transactions, financial institutions must return the amount to the sender within one hour.

Structural Regulation

Canada Pauses Work With AIIB to Probe China’s Involvement

By Editors | 15/06/2023

Canada will halt activity with the AIIB, after an official alleged that the bank was dominated by the Chinese Communist Party.