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Liquidity Risk
APRA Frees Westpac from Add-on Liquidity Requirement
By Editors | 01/09/2022
The liquidity add-on was imposed in 2020 in response to breaches which APRA said demonstrated weaknesses in the bank’s risk management and oversight.
Cloud & Infrastructure
HKMA to Launch API Link from CCRA to CDI in Q4
By Manesh Samtani | 01/09/2022
Banks are encouraged to access credit data in the CCRA database via the CDI, to help them automate credit approvals and enhance efficiency.
Supervision & Enforcement
Five Super Funds Fail APRA’s Second Performance Test
By Editors | 01/09/2022
Four of the five have now failed for a second time. Five other MySuper products that failed last year have now passed.
Credit Risk
SEBI Enhances Disclosure Rules for Credit Rating Agencies
By Editors | 31/08/2022
The changes will enhance the transparency and usability of disclosures made by CRAs, SEBI said.
Credit Risk
Korea Prepares ‘New Start Fund’ to Ease SME Debt Burden
By Editors | 31/08/2022
Individually owned enterprises or small merchants hit by Covid will be able to apply for debt adjustment starting in October.
Operational Risk
BIS Examines Adequacy of Operational Resilience Requirements
By Editors | 31/08/2022
Bigtech groups that are interconnected within the financial industry should be subject to group-wide requirements on operational resilience.
Credit Risk
Korea Unveils Measures to Address Revolving Credit Concerns
By Editors | 31/08/2022
Credit card revolving services charge high interest rates, lead to poor credit scores for consumers, and raise the risk of delinquency.
Credit Risk
BSP Approves Guidelines on Large Exposures Monitoring
By Editors | 31/08/2022
The guidelines set out the criteria banks should use to assess economic interdependence between connected counterparties, among other requirements.
Structural Regulation
China to Reintroduce Approval System for Offshore Debt Issuance
By Editors | 31/08/2022
The NDRC is reverting to its pre-2015 approval-based system for companies looking to issue offshore debt with a maturity longer than one year.
Resolution & Recovery
China: Two Liaoning Bank Enter into Bankruptcy Proceedings
By Editors | 30/08/2022
Liaoning authorities say that the two banks violated laws and regulations, disrupted local financial order, and brought about “serious risks”.
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