Prudential Risk

Credit Risk

Korea Working on More Measures to Address Real Estate PF Risks

By Sanday Chongo Kabange | 28/05/2023

Regulators are extending support measures, encouraging write-offs of loss-making assets, and reassessing risk weights.

Clearing & Post-Trade

CCP Margin Models Lack Transparency, Predictability – Report

By Manesh Samtani | 27/05/2023

New BCBS-CPMI-IOSCO report examines the impact of CCP margin models on market participants in the aftermath of Russia’s invasion of Ukraine last year.

Credit Risk

Approaches to Credit Risk Capital Often Misunderstood: APRA

By Manesh Samtani | 27/05/2023

APRA explains that the differences between the IRB and standardised approaches to credit risk are justified, fair and equitable.

Cybersecurity

APRA Directs Regulated Entities to Address MFA Implementation Gaps

By Sanday Chongo Kabange | 26/05/2023

Multi-factor authentication is one of the “most effective controls” an organisation can implement to unauthorised access to a device or network, APRA says.

Market Risk

Regulatory Uncertainty a Key FRTB Implementation Challenge

By Manesh Samtani | 25/05/2023

Persistent regulatory timeline uncertainty is a primary implementation challenge of FRTB in APAC, Murex found in a survey of banks.

Capital Adequacy

FSC Korea Announces Decision to Set CCyB at 1 Percent

By Editors | 25/05/2023

The FSC said there was a need to enhance banks’ loss absorption capacity to prepare for macroeconomic uncertainties and increased risks in the financial sector.

Structural Regulation

HSBC Planning Exit from Up to a Dozen Markets – Report

By Editors | 25/05/2023

It is not yet known which jurisdictions HSBC is considering exiting, but they are understood to be relatively small markets that may have underperformed.

Emerging Prudential Risks

China Optimises Policy on Cross-Border Funds for Multinationals

By Mark Johnston | 24/05/2023

Existing policy requirements related to the centralised operation of cross-border funds of multinational corporations will be optimised

Structural Regulation

Australia Confirms Plans to Regulate BNPL as Credit Products

By Editors | 23/05/2023

BNPL providers will be required to hold Australian Credit Licences and comply with Responsible Lending Obligations, among other requirements.