Prudential Risk

Liquidity Risk

China Regulators Ask Banks to Report on Liquidity – Report

By Editors | 21/11/2022

The queries were reportedly prompted by a sell-off in bonds which triggered investor withdrawals from wealth management products.

Liquidity Risk

APRA Issues Draft Guidance on Super Fund Investment Governance

By Editors | 19/11/2022

The guidance covers the new SPS 530 requirements on liquidity management, stress testing and valuations, as well as APRA’s expectations on ESG risk management.

Liquidity Risk

IOSCO Reviews Liquidity Risk Management Measures at Funds

By Editors | 19/11/2022

IOSCO’s 2018 recommendations to strengthen liquidity risk management practices in open-ended funds are “broadly well implemented”.

Fraud, Scams & Cybercrime

FTX’s “Complete Failure” of Corporate Controls, Worse Than Enron

By Manesh Samtani | 18/11/2022

Restructuring specialist John J Ray says FTX’s failure is the worst he has ever seen, citing control failures and the “complete absence” of trustworthy financial information.

Operational Risk

HKMA Revises Guidance on Accessing CCRA Database via CDI

By Editors | 17/11/2022

Banks can access commercial credit reference agencies via the CDI to automate credit approval processes, reduce manual handling, and enhance operational efficiency.

Supervision & Enforcement

RBNZ Proposes More Intensive Approach to Supervising Insurers

By Sanday Chongo Kabange | 17/11/2022

The RBNZ is consulting on governance, risk management, accountability for key officers, supervisory oversight, and data disclosures.

Capital Adequacy

APRA Proposes Amendments to Capital Requirements for PPF Providers

By Editors | 16/11/2022

PPF providers are a type of stored value facility provider. The proposed changes are part of a broader review of APS 610.

Emerging Prudential Risks

FSB Releases Final Report on Scarring Effects from Covid-19

By Editors | 16/11/2022

Russia’s invasion of Ukraine has significantly added to pre-existing challenges associated with exiting from Covid-19 policy support measures.

Operational Risk

APRA to Revise Financial Resources Rules for Super Trustees

By Editors | 16/11/2022

The proposed changes will require trustees to adopt a more sophisticated risk-based approach to the management of operational risk financial resources.