Prudential Risk

Emerging Prudential Risks

China Establishes Nationwide Property Registration System

By Editors | 30/04/2023

The new registration system will provide regulators full transparent view of real estate ownership and support their efforts to prevent systemic risks.

AI Risk & Governance

US Agencies Pledge to Combat Harmful Uses of AI

By Editors | 30/04/2023

Four agencies reaffirmed their commitment to “vigorously enforce their collective authorities and to monitor the development and use of automated systems.”

Market Risk

BSP Streamlines and Expands Currency Hedging Facility

By Editors | 30/04/2023

The BSP approved amendments to make it easier for clients of large banks to hedge peso-US dollar exposures through NDFs.

Supervision & Enforcement

US Govt Accountability Office Shines Light on Causes of Bank Failures

By Sanday Chongo Kabange | 30/04/2023

GAO says regulators “did not escalate supervisory actions in time” to prevent the failures of Silicon Valley Bank and Signature Bank.

Market Abuse

Korean Authorities Probe Manipulation in Eight Stocks

By Editors | 30/04/2023

Prosecutors have issued travel bans on ten individuals who are suspected of engaging in stock price manipulation activities.

Credit Risk

Hong Kong Further Extends Repayment Period for Trade Loans

By Editors | 30/04/2023

Existing trade facilities falling due between May and July 2023 can be extended by a further 90 days, the HKMA said.

Trading & Investment

Korea Takes Measures to Address Fraudulent IPO Subscriptions

By Editors | 30/04/2023

IPO bookrunners must verify institutional investors can pay for stocks before allotment; risk weight for carbon emissions rights is reduced.

Market Risk

ECB Scrutinising Bond Losses at European Banks

By Editors | 30/04/2023

The ECB is asking banks about their practices for hedging interest rate risk, including to assess whether risks have been shifted to nonbanks.

Cryptocurrency

SFC Chief Julia Leung Offers View Into 2023 Priorities

By Manesh Samtani | 29/04/2023

Julia Leung said the SFC will issue the new virtual assets rules in May, and that it developing a free carbon emissions calculator tool to help SMEs in climate-related reporting.