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Emerging Prudential Risks
New Bank Disclosure Requirements Deferred Three Months: RBNZ
By Editors | 12/09/2022
The changes to bank assurance reports will come into force for reporting dates starting from 31 December 2022, three months later than planned.
Capital Adequacy
PBOC, CBIRC Publish 2022 List of D-SIBs
By Editors | 12/09/2022
China Minsheng Banking Corp was moved from Group 2 to Group 1, lowering its additional capital requirement.
Payments & Settlements
US Appeals Court Rules for Citi in Revlon Dispute
By Editors | 12/09/2022
The court ruled that Revlon lenders cannot keep USD 500 million they were sent in error by Citigroup, which was acting as the loan agent.
Operational Risk
Taiwan FSC Fines Taishin Bank Over Debt Collection Mistakes
By Editors | 12/09/2022
The bank has been incorrectly sending debt collection notices to non-debtors for ten years due to poor internal controls, the FSC said.
Operational Risk
BOT Orders TMBThanachart to Improve Following Two-day Outage
By Editors | 12/09/2022
The bank is directed to submit a report to BOT explaining the two-day mobile banking app outage, and to prepare a plan to prevent a recurrence.
Credit Risk
China: Big Four Banks Report 50pc Increase in Property NPLs
By Editors | 11/09/2022
Beyond the more than 50 percent increase in bad property loans year-on-year, the banks are also seeing weaker loan demand from corporate and retail clients.
Liquidity Risk
Korea FSS Conducting Daily Checks on Bank FX Liquidity
By Editors | 09/09/2022
While foreign currency liquidity levels at local banks have remained high, the FSS wants to be able to detect signs of a future liquidity shortage early.
Payments & Settlements
CPMI Offers Central Banks Guidance on Liquidity Bridges
By Editors | 08/09/2022
Central bank liquidity bridges can reduce FX, credit, financial stability risks, and enhance cross-border payments by reducing funding costs.
Emerging Prudential Risks
Sri Lanka to Face Challenges Implementing IMF Conditions
By Duruthu E Chandrasekera | 07/09/2022
Economists say the package will not be a panacea for Sri Lanka’s problems, with the economy already shrinking due to policies recommended by the IMF.
Resolution & Recovery
APRA Proposes Guidance on Contingency, Resolution Planning
By Editors | 07/09/2022
The prudential practice guides on financial contingency and resolution planning will be finalised in H1 2023 following a three month consultation.
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