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Capital Adequacy
RBI Directs Banks to Treat Certain Rated Exposures as Unrated
By Editors | 15/10/2022
Banks must treat corporate and NBFC exposures as if they were unrated if the lenders’ details are not disclosed in rating actions.
Credit Risk
Taiwan Allows Insurers to Reclassify Assets Using IFRS 9
By Editors | 14/10/2022
Reclassification of assets under IFRS 9 will enable insurers to mitigate the effects of rate hikes on their financial ratios.
Payments & Settlements
RBA Suffers, and Recovers from, Four-Hour Outage
By Editors | 14/10/2022
The outage disrupted real-time and overnight payments routed through the NPP, causing a backlog of transactions which the RBA is working to clear.
Operational Risk
APRA Orders RACQ to Uplift Risk, Compliance Frameworks
By Editors | 12/10/2022
APRA identified issues with RACQ’s risk and compliance framework and practices, unclear accountabilities, and an “immature risk culture”.
Emerging Prudential Risks
IMF Says Global Environment is Fragile, Storm Clouds Brewing
By Editors | 12/10/2022
Up to 29 percent of emerging market banks would breach their capital requirements in a severe global recession.
AI Risk & Governance
UK Regulators Launch Discussion Paper on AI Regulation
By Editors | 12/10/2022
The paper considers how current legal and regulatory requirements and guidance apply to the use of AI in UK financial services, and the gaps that may need to be addressed.
Emerging Prudential Risks
FSB Updates G20 on Work to Strengthen Financial System Resilience
By Editors | 12/10/2022
FSB chair Klaas Knot says the outlook for global financial stability remains challenging, citing tighter financial conditions and higher inflation.
Market Risk
HKMA Consults on Market Risk, CVA Risk Frameworks
By Editors | 12/10/2022
HKMA is consulting on proposed BCR changes and two new SPMs for implementation of the revised market risk and CVA risk frameworks.
Credit Risk
ECB Cautions European Banks on Bonus, Dividend Payouts
By Editors | 11/10/2022
The ECB is reportedly concerned that a sharper slowdown next year could trigger a wave of defaults, and that banks may be underestimating the risks.
Capital Adequacy
Five Taiwan D-SIBs Fail to Meet Capital Requirements
By Editors | 11/10/2022
The FSC says CTBC Bank was the only Taiwanese D-SIB that meet its prescribed capital requirements as of the end of June.
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