Prudential Risk

Emerging Prudential Risks

India Sets Up Panel to Review National Pension System

By Editors | 07/04/2023

The panel will seek to improve the benefits to government employees covered under the NPS and try to unify the different schemes adopted across India.

Structural Regulation

CSRC Proposes to Update Rules for Securities Firms

By Manesh Samtani | 06/04/2023

The rules focus on risk prevention and internal governance, and now also cover underwriting, sponsorship, market making and OTC business activities.

Cloud & Infrastructure

APAC Regulators Form New Forum to Address Cloud Risk

By Sanday Chongo Kabange | 06/04/2023

MAS assistant managing director Vincent Loy said the twice-a-year forum will help APAC regulators and CSPs ensure greater resilience of cloud adoption in the financial sector.

Emerging Prudential Risks

Bank Capital Requirements Should Account for Geopolitical Risks: IMF

By Manesh Samtani | 06/04/2023

The IMF suggests geopolitical risks should feed into stress testing, scenario analysis and requirements for banks to hold capital and liquidity buffers.

Cryptocurrency

IOSCO Pledges to Deliver Sustainable Finance & Crypto Work in 2023

By Manesh Samtani | 06/04/2023

Under its new two-year work programme, IOSCO will issue a consultation on crypto asset regulation in H1 2023, and on DeFi regulation in Q3.

Trading & Investment

FDIC Retains BlackRock Unit to Sell SVB, Signature Bank Securities

By Editors | 05/04/2023

The FDIC retained BlackRock Financial Market Advisory to sell about $114bn in securities. Signature Bank loans still in receivership will be marketed “later this summer”.

Resolution & Recovery

Evergrande Enters Debt Restructuring Agreement With Key Creditors

By Editors | 04/04/2023

Evergrande said the key group of creditors entered into restructuring support agreements. Its debt restructuring plan could take effect later this year.

Capital Adequacy

IMF Bailout Presents Uncertain Outcome for Sri Lanka’s Banks

By Duruthu E Chandrasekera | 04/04/2023

The IMF estimates the banking sector recapitalisation needs around 6 percent of 2022 GDP. Local banks so far have opposed a domestic debt restructuring.

Credit Risk

Korea Propose Measures to Address Risks in Mutual Finance Sector

By Editors | 04/04/2023

Regulators proposed to raise the loan loss reserve requirement for lending to real estate and construction firms to boost loss-absorbing capacity.