Prudential Risk

Clearing & Post-Trade

ESMA Follows Through with De-recognition of Indian CCPs

By Manesh Samtani | 03/05/2023

So far Indian markets have not faced disruptions. This is attributed to the concessions provided by French and German regulators.

Credit Risk

BSP Launches Credit Risk Scoring Model for MSMEs

By Editors | 02/05/2023

The CRD Scoring Model will help lenders analyse the creditworthiness of MSMEs, including those without credit histories or adequate collateral.

Market Risk

NZ Banks Have ‘Relatively Little’ Interest Rate Risk: RBNZ

By Sanday Chongo Kabange | 02/05/2023

RBNZ says New Zealand banks are required to hold fewer bond assets than banks in other developed economies and account for them at fair market value.

Cybersecurity

Singapore, US Run Cross-border Cybersecurity Exercise

By Editors | 02/05/2023

US Treasury and MAS tested information exchange protocols and incident response coordination for cyber incidents involving banks operating in both jurisdictions.

Supervision & Enforcement

APRA, AFCA Sign MoU on Information Sharing and Cooperation

By Editors | 02/05/2023

The MoU sets out the basis for engagement between APRA and AFCA, including information sharing and other forms of cooperation and coordination.

Credit Risk

Korean Lenders Agree to Address Frictions in PF Market

By Editors | 02/05/2023

Under the revised “PF Lenders Agreement”, creditors will be able to quickly reschedule debt and supply new funds if real estate projects being financed run into trouble.

Liquidity Risk

US Regulators Conclude Reviews into SVB, Signature Failures

By Manesh Samtani | 01/05/2023

The Fed, FDIC and NYDFS say SVB and Signature Bank were mismanaged, but that regulatory and supervisory lapses also contributed to their failures.

Cybersecurity

Chinese Police Question Staff at Bain & Co Shanghai Office

By Editors | 01/05/2023

The news comes after Chinese authorities closed the Beijing offices of Mintz Group and launched a cybersecurity probe into US chipmaker Micron.

Resolution & Recovery

JPMorgan to Assume First Republic Bank’s Deposits and Loans

By Manesh Samtani | 01/05/2023

The FDIC will provide loss share agreements as well as $50bn in financing. The cost to the Deposit Insurance Fund is estimated at $13bn.