Prudential Risk

Conduct, Culture & Accountability

Australia: Customer Owned Banks Gets New Code of Practice

By Editors | 06/11/2022

The new code establishes obligations for more inclusive banking products, expanded lending obligations and guarantor protections, and greater support for vulnerable customers.

Climate Risk

Banks Working to Assess Climate Impacts on Trading Book

By Editors | 06/11/2022

An ISDA-EY report says banks see the potential benefits of engaging with regulators to help define and run an exploratory scenario for the trading book.

Operational Risk

APRA Imposes Licence Conditions on Insignia Group Trustees

By Editors | 04/11/2022

The additional licence conditions require four Insignia trustees to improve their governance and risk management practices, processes and frameworks.

Clearing & Post-Trade

SGX RegCo Refines CDP Margining Framework & Clearing Fund

By Sanday Chongo Kabange | 04/11/2022

Margin rates will be differentiated based on different risk profiles of securities. Margin offsets will be introduced to account for diversification effects. Anti-procyclicality measures will be enhanced.

Climate Risk

ECB Sets New Deadlines for Managing Climate & Environmental Risks

By Manesh Samtani | 04/11/2022

The deadlines will be closely monitored and, if necessary, enforcement action will be taken, the ECB said, adding that bank capital requirements are already being affected.

Emerging Prudential Risks

BIS Report Offers Guidance on Managing FX and Capital Flow Volatility

By Editors | 03/11/2022

Financial authorities should advance their FX market monitoring approaches, further develop onshore hedging markets, and introduce temporary capital flow management measures.

Structural Regulation

Hong Kong to Subject Foreign Investment Gains to Profits Tax

By Manesh Samtani | 02/11/2022

A new LegCo bill will require MNE entities in Hong Kong to pay profits tax on foreign equity disposals and dividend income, unless they are specifically exempted.

Liquidity Risk

Financial Groups Pledge Capital to Stabilise Korean Markets

By Manesh Samtani | 01/11/2022

KRW 95 trillion will ultimately be channeled by 5 financial groups into corporate bonds, other debt securities, state firms, and small merchants and businesses.

Credit Risk

FSC Korea to Relax Mortgage Rules for New Homebuyers

By Editors | 01/11/2022

A KRW 50 trillion liquidity support package will also be launched to help SMEs and startups burdened by high interest rates and provide financing for their future growth.