ADVERTISEMENT
Prudential Risk
Emerging Prudential Risks
China to Raise Retirement Age to Cope With Ageing Population
By Editors | 15/03/2023
China to raise the retirement age to tackle ageing population challenge and pension budget deficits.
Climate Risk
FIs’ Climate-related Risk Capture Incomplete, says BoE
By ESG Investor | 15/03/2023
Existing capability and regime gaps “create uncertainty” over whether financial institutions are adequately capitalised for future climate-related losses, says the Bank of England.
Cryptocurrency
Barney Frank Says Signature Bank Was Targeted to Deliver Anti-Crypto Message
By Manesh Samtani | 15/03/2023
Barney Frank, who was on the board of Signature Bank, says the regulatory takeover was intended to send a message to US banks to stay away from crypto.
Operational Risk
Credit Suisse Identifies “Material” Financial Reporting Weaknesses
By Editors | 15/03/2023
The weaknesses related to a “failure to design and maintain an effective risk assessment process to identify and analyse the risk of material misstatements”.
Capital Adequacy
US Fed to Consider Tightening Rules for Midsized Banks
By Editors | 14/03/2023
The Federal Reserve will review capital, liquidity and stress testing requirements it imposes on mid-sized lenders.
Resolution & Recovery
HSBC Acquires Silicon Valley Bank’s UK Unit for £1
By Editors | 14/03/2023
HSBC expects the deal to be profitable, strengthen its commercial banking franchise, and enhance its ability to serve innovative firms.
Climate Risk
EU Financial Regulators Testing Climate Transition Resilience
By ESG Investor | 13/03/2023
The European Commission has asked the ESAs to conduct an analysis of the financial system’s resilience as EU member states decarbonise their economies.
Emerging Prudential Risks
Australia to Commence Review of Managed Investment Schemes
By Editors | 13/03/2023
The review will consider enhancements to the MIS framework to identify gaps and reduce undue financial risk for investors.
Resolution & Recovery
Fed to Provide Liquidity Backstop as Two More Banks Close
By Manesh Samtani | 13/03/2023
US regulators are offering emergency funding to prevent a wider crisis after Silicon Valley Bank and Signature Bank were closed.
Cybersecurity
CFTC to Develop Stronger Rules to Address Cyber Risk
By Editors | 12/03/2023
The CFTC is seeking to require derivatives dealers to exercise more due diligence and oversight of the third-party service providers.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.