Prudential Risk

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    Cryptocurrency

    White House Calls for Progress on US Crypto Legislation

    By Manesh Samtani | 30/01/2023

    Congress should strengthen disclosure requirements for crypto firms and expand regulators’ powers to prevent misuses of customers’ assets and mitigate conflicts of interest, officials say.

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    Trading & Investment

    Korea FSC Unveils New Risk Rating System for Investment Products

    By Editors | 29/01/2023

    Due for implementation in Q4, the new system will apply an industry-wide common standard to investment product risk ratings to improve reliability and comparability for investors.

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    Credit Risk

    RBI Proposed New Securitisation Framework for Stressed Assets

    By Editors | 27/01/2023

    Banks would be able to sell stressed assets to special purpose entities that issue securitisation notes for investors to buy.

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    Emerging Prudential Risks

    New Zealand to Increase Foreign Reserves Holdings

    By Editors | 27/01/2023

    New Zealand will look to increase its foreign reserves holdings over “a number of years” in order to minimise the market impact.

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    Credit Risk

    BSP Raises Interest Rate Caps for Credit Card Issuers

    By Editors | 27/01/2023

    The BSP says the higher caps will cushion the impact of inflationary pressure and interest rate hikes on banks and credit card issuers.

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    Credit Risk

    RBNZ to Progress Changes to Connected Exposures Policy

    By Editors | 26/01/2023

    The RBNZ intends to progress with proposals made in its November 2021 consultation, with some amendments following stakeholder feedback.

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    Operational Risk

    APRA Imposes Licence Conditions on Super Fund Trustee

    By Editors | 25/01/2023

    In APRA’s 2022 ‘MySuper Heatmap’, only one other super fund trustee charged more in administration fees than Diversa Trustees’ product.

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    Tokenisation

    Tokenisation Can Threaten Financial System Stability: Denis Beau

    By Mark Johnston | 25/01/2023

    Banque de France official says tokenisation increases operational risks, especially cyber risks, and needs to be regulated “as swiftly as possible”.

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    Credit Risk

    BNM Consults on Standardised Approach to Credit Risk Capital

    By Editors | 25/01/2023

    FIs are asked to provide feedback and complete an accompanying Quantitative Impact Study reporting template.

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    Capital Adequacy

    EU Lawmakers Back Draft Law to Implement Basel III

    By Editors | 25/01/2023

    The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.

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