Prudential Risk

Conduct, Culture & Accountability

Five Steps to Address E-Comms Risk and Avoid Regulatory Penalties

By Rupal Patel | 22/12/2022

The industry is playing catch up with the impact of working from home and must ensure e-comms risk is managed in a better way, says Rupal Patel at Acin.

Trading & Investment

Vietnam Proposes Measures to Boost Corporate Bond Market

By Editors | 22/12/2022

The Ministry of Finance has proposed to defer a professional-investor-only requirement, and delay a requirement for large issuers to have a credit rating.

Climate Risk

HKIMR Report Explores Challenges of Climate Risk Measurement

By Sanday Chongo Kabange | 22/12/2022

The report introduces a data management framework and a model risk management framework to help FIs manage climate-related data and model risks.

Capital Adequacy

APRA to Set CCyB Default Rate at 1pc from 1 Jan 2023

By Editors | 22/12/2022

The CCyB default rate in Australia has been set at zero percent of risk-weighted assets since it was introduced in 2016.

Emerging Prudential Risks

HKMA Intends to Implement BCBS Cryptoasset Standards

By Editors | 22/12/2022

The HKMA plans to implement the Basel standards on the treatment of cryptoasset exposures locally by 1 January 2025, in accordance with the BCBS timetable.

Operational Risk

UK Regulators Fine TSB Bank Over IT Upgrade Failures

By Editors | 22/12/2022

An IT system upgrade in April 2018 resulted in nearly 2 million TSB Bank customers being unable to access banking services.

Operational Risk

RBI Directs Banks to Improve Financial Statement Disclosures

By Editors | 22/12/2022

The RBI has asked banks to disclose more information when “Other Liabilities and Provisions” and “Other Assets” items exceed 1% of total assets.

Liquidity Risk

Korean Banks to Resume Bond Issuance as Markets Stabilise

By Mark Johnston | 22/12/2022

South Korea’s corporate bond market is showing signs of recovery, prompting banks to resume bond issuance to replace maturing debt.

Credit Risk

HKMA Issues Guidance on Using Digital Platforms to Offer Credit

By Manesh Samtani | 21/12/2022

With the growing popularity of digital platforms to apply for credit products, banks are “reminded to ensure proper protection of their customers”, the HKMA said.