Prudential Risk

Resolution & Recovery

Chinese D-SIBs to Start Issuing TLAC Bonds by June

By Editors | 17/04/2023

China’s four G-SIBs have started working on issuing their first TLAC bonds. Each bank is planning to raise at least CNY 10 billion.

Emerging Prudential Risks

Fed Approves UBS Acquisition of Credit Suisse US Subsidiaries

By Editors | 16/04/2023

UBS needs authorities in 58 countries to approve the merger, which will create a business with more than $5tr in total invested assets.

Operational Risk

Former TSB Executive Fined Over 2018 IT Migration Failure

By Editors | 14/04/2023

TSB Bank’s chief information officer was fined for his management of a key outsourcing relationship fell below expected standards.

Market Risk

FDIC Official Says 2018 Rule Changes Did Not Cause SVB Failure

By Manesh Samtani | 14/04/2023

SVB’s collapse was mostly attributable to mismanagement of interest rate risk. Regulatory change should be evaluated “thoughtfully”.

Liquidity Risk

MAS Maintains Monetary Policy Stance, Warns of Slow Growth

By Editors | 14/04/2023

MAS said its five successive monetary policy tightening moves since October 2021 have “tempered the momentum of price increases”.

Cybersecurity

FSB Proposes Standard Global Approach to Cyber Incident Reporting

By Manesh Samtani | 14/04/2023

The FSB will establish a new working group to further develop its proposed ‘format for incident reporting exchange’, known as FIRE.

Resolution & Recovery

Korea to Establish New Fund to Support Corporate Restructuring

By Editors | 14/04/2023

State-run banks and the private sector will contribute KRW 1 trillion to the fund, which will be operated by KAMCO.

Capital Adequacy

Taiwan FSC Orders Insurers to Raise RBC Ratios or Face Takeover

By Editors | 13/04/2023

The FSC has ordered CTBC, Fubon, Tokio Marine and Hotai to raise capital by the end of June this year or face takeover within 90 days.

Resolution & Recovery

UBS-Credit Suisse Merger Continues to See Opposition

By Editors | 13/04/2023

Swiss lawmakers symbolically voted against a liquidity package to support the merger, which is expected to formally close within a few months.