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Prudential Risk
Capital Adequacy
China Drafts Revised Capital Management Rules for Banks
By Editors | 20/02/2023
The new rules propose to classify banks into three categories based on their business scale and risk levels and treat them differently based on their classification.
Market Risk
RBI Issues Draft Guidelines on Market Risk Capital Requirements
By Editors | 20/02/2023
The draft guidelines are open for comment until 15 April 2023. The RBI intends for the guidelines to come into effect from 1 April 2024.
Credit Risk
FSB Calls for Research on Post-GFC Securitisation Reforms
By Editors | 20/02/2023
The FSB is seeking academic papers that examine the extent to which securitisation operates on a sound and sustainable basis and provides appropriate alignment of incentives.
Capital Adequacy
EU Banks Will Have to Meet 1,250% Crypto Risk Weight Early
By Manesh Samtani | 19/02/2023
A draft law confirms that the 1,250% risk weight set by the BCBS will apply to crypto asset exposures. But EU banks are asked to comply before the rule is legally binding.
Clearing & Post-Trade
US SEC, CFTC Penalise OCC Over Internal Rule Violation
By Editors | 19/02/2023
As a result of certain deficiencies, the Options Clearing Corp’s clearing fund was “underfunded” at various times between October 2019 and May 2021.
Liquidity Risk
India to Establish Backstop Fund for Corporate Debt Market
By Editors | 19/02/2023
SBI Mutual Fund will administer the $4bn fund, which will be 90% funded by the government and 10% by asset managers.
Clearing & Post-Trade
UK CCPs Directed to Update Outsourcing Agreements by Feb 2024
By Mark Johnston | 19/02/2023
New supervisory statement requires UK CCPs to update legacy outsourcing agreements by by 9 February 2024.
Credit Risk
Korea to Improve System for Requesting Lower Loan Rates
By Editors | 17/02/2023
The right to request a lower loan interest rate was made law but acceptance of such requests in the financial sector has continued to be rare.
DeFi & Web3
FSB Assesses DeFi Vulnerabilities and How to Address Them
By Manesh Samtani | 17/02/2023
The FSB will consider changes to its proposed crypto regulatory framework to account for DeFi-specific risks, and policy responses to address TradFI-DeFi interactions.
KYC & CDD
Banks Should Use CDI to Streamline KYC, Credit Processes: HKMA
By Editors | 16/02/2023
Banks with material SME business are expected to complete their technical connection to the CDI and CCRA@CDI before the end of this year.
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