Prudential Risk

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    Operational Risk

    DBS Formed a Special Committee to Oversee Probe into March Outage

    By Editors | 22/04/2023

    Senior minister said the November 2021 and March 2023 incidents at DBS appear unrelated, but that the bank’s new special committee will determine if there are “common underlying weaknesses”.

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    Resolution & Recovery

    ECB Calling on US Banks to Relocate More Assets to EU

    By Mark Johnston | 21/04/2023

    The ECB has urged US banks to move more assets and risk to the euro area after a “desk mapping” review that took place last year.

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    Resolution & Recovery

    Singapore Investors Prepare to Sue Over Credit Suisse AT1 Bond Losses

    By Editors | 21/04/2023

    Lawyers for Singapore investors are preparing to argue that the Swiss government’s decision to write off Credit Suisse AT1 bonds violated a free trade agreement.

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    Resolution & Recovery

    EU Proposes to Adjust Bank Crisis Management Framework

    By Editors | 20/04/2023

    The proposal will facilitate the use of deposit guarantee schemes and resolution funds to shield depositors from bearing losses in banking crises.

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    Structural Regulation

    Ravi Menon Reported to be Leaving MAS This Year

    By Editors | 20/04/2023

    Ravi Menon is MAS’ longest-serving managing director. Former deputy managing director Chia Der Jiun is tipped to be Menon’s successor.

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    Cybersecurity

    Financial Sector Participating in Global Cyber Defence Exercise

    By Editors | 20/04/2023

    FS-ISAC member firms including Barclays, CME Group, Mastercard and Santander are participating in the so-called ‘Locked Shields’ exercise this year.

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    Market Abuse

    Korea to Prosecute “Malicious Rumours” in Financial Market

    By Editors | 19/04/2023

    FSC Chairman Kim Joo-hyun instructed the FSS to prosecute those who spread false information after rumours circulated about problems at two unlisted lenders.

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    Liquidity Risk

    BCBS, FSB Consider Changes to Global Banking Rules

    By Editors | 19/04/2023

    Fitch Ratings says global standard-setters may adjust the existing prudential and resolution frameworks, potentially making IRRBB a Pillar 1 requirement.

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    Credit Risk

    More Credit Downgrades Imminent Under Climate Change

    By Hazel Ilango | 18/04/2023

    Bond investors, including those who do not prioritize climate change mitigation, are unknowingly exposed to the increasing impact of climate-related credit risk.

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    Emerging Prudential Risks

    BIS Paper Calls for Fiscal Reforms to Support Financial Stability

    By Mark Johnston | 18/04/2023

    A new BIS paper proposes policy measures to tackle the risks that arise from the link between fiscal policy and financial stability.

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