Prudential Risk

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    Credit Risk

    RBI Directs Lenders to Charge Loan Penalties More Fairly

    By Editors | 13/04/2023

    The RBI said penal charges on loans are intended to “inculcate a sense of credit discipline among borrowers” and as a “revenue enhancement tool”.

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    Operational Risk

    APRA to Defer Effective Date of New Operational Risk Standard

    By Editors | 13/04/2023

    APRA will move the effective date for the new operational risk management standard to 1 July 2025, one year later than was proposed.

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    Cryptocurrency

    FTX Has Recovered Over $7.3b in Cash & Liquid Crypto

    By Editors | 13/04/2023

    FTX attorney Andy Dietderich reportedly said the situation has stabilised and “the dumpster fire is out”.

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    Emerging Prudential Risks

    Recent Banking Sector Turmoil to Inform FSB’s Policy Work

    By Editors | 12/04/2023

    FSB working with BCBS to analyse and learn from recent banking sector turmoil. Cyber incident reporting recommendations also finalised.

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    Cloud & Infrastructure

    RBI Finalises Rules for Outsourcing of IT Services by Banks

    By Editors | 12/04/2023

    RBI approval is not required for IT outsourcing arrangements, but they should be subject to on-site or off-site monitoring and inspection by regulators.

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    Emerging Prudential Risks

    BOJ Gets First New Governor After Ten Years

    By Editors | 12/04/2023

    Kazuo Ueda plans to maintain ultra-loose monetary policy but signalled an openness to tweaking the BOJ’s yield control policy.

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    Resolution & Recovery

    Report Examines Policy Implications of US Bank Bailouts

    By Mark Johnston | 11/04/2023

    Congressional Research Service report examines policy issues raised by the systemic risk exception invoked for SVB and Signature Bank.

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    Capital Adequacy

    Hong Kong to Introduce Risk-based Capital Regime for Insurers

    By Editors | 11/04/2023

    An amendment bill was gazetted that will make capital requirements for insurance companies more sensitive to their asset and liability matching, risk profile and mix of products.

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    Cryptocurrency

    Cake Defi’s Henry Loh Discusses Credit Risk & Trust in Crypto

    By Editors | 10/04/2023

    Cake DeFi’s Henry Loh discusses the importance of credit risk management and clearer regulatory guidance to promote trust in the crypto sector.

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    Trading & Investment

    Final Rules for Swap Connect Agreed by Authorities – Report

    By Manesh Samtani | 10/04/2023

    Swap Connect could start trading by June if not sooner. Mainland treasury bond futures may also become accessible from Hong Kong.

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