Prudential Risk

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    Structural Regulation

    Credit Suisse Halts Plans to Set Up Bank in China – Report

    By Sanday Chongo Kabange | 02/06/2023

    Credit Suisse had been preparing for years to set up a wholly owned local bank in China.

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    Operational Risk

    China to Issue New Rules for Debt Collectors in August

    By Sanday Chongo Kabange | 01/06/2023

    One of China’s biggest debt collection firms is considering ceasing operation due to tightening supervision of the industry.

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    Credit Risk

    HKMA Consults on Output Floor, Credit Risk Framework

    By Editors | 31/05/2023

    The consultation focuses on the implementation of the revised credit risk framework and the output floor.

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    Anti-Money Laundering

    APRA, AUSTRAC Enter Enforceable Undertakings With BoQ

    By Editors | 31/05/2023

    For APRA’s enforceable undertaking, Bank of Queensland has to set aside an extra A$50mn in regulatory capital.

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    Operational Risk

    ORX Launches New Greenwashing Scenario Toolkit

    By Editors | 30/05/2023

    The toolkit is designed to support banks and insurers in creating a greenwashing scenario and help them tackle ESG-related operational risk.

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    Credit Risk

    IASB Seeks Feedback on IFRS 9 Impairment Requirements

    By Editors | 30/05/2023

    The IASB is seeking feedback to help it assess whether the impairment requirements in IFRS 9 are continuing to work as intended.

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    Supervision & Enforcement

    US OCC Sets Out Policy for Addressing “Persistent Weaknesses” at Banks

    By Editors | 30/05/2023

    The OCC may require banks to increase capital, restrict dividends, sell assets, divest subsidiaries or exit markets if they fail to fix “persistent weaknesses”.

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    Operational Risk

    RBI Governor Raises Concerns Over India Bank Governance

    By Ranamita Chakraborty | 30/05/2023

    RBI governor Shaktikanta Das said banks are employing “smart accounting methods” to artificially boost performance and mask stressed loans.

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    Payments & Settlements

    RBA Publishes Findings from Payments Infrastructure Review

    By Sanday Chongo Kabange | 30/05/2023

    The external review was conducted by Deloitte in response to a four-hour outage suffered by the RBA in October 2022.

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    Credit Risk

    Cambodia’s Sathapana Bank Signs Up For AI Platform

    By Karen Ng | 29/05/2023

    Artificial intelligence is being used by banks to assess the credit risk of borrowers.

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