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Credit Risk
Financial Stability Institute Publishes Paper on LEX Standard
By Editors | 30/08/2022
The large exposures standard seeks to monitor and limit the loss an internationally active bank can face from a single client or a group of connected counterparties.
Cryptocurrency
MAS to Strengthen Retail Protections from Crypto Harms
By Manesh Samtani | 30/08/2022
MAS managing director Ravi Menon described an approach to digital assets that allows Singapore to be both stringent in its regulation and facilitative of innovation.
Market Data & Technology
APRA Relaxes Phase 2 Timelines of Superannuation Data Project
By Editors | 29/08/2022
The overall consultation timeline for Phase 2 of the Superannuation Data Transformation project is being extended from 9 months to 14 months.
Climate Risk
Japan Publishes Results of Climate Scenario Analysis Exercise
By Editors | 29/08/2022
The results highlight a need for banks to use common assumptions within their models, refine their analysis of individual companies, and enhance their methodologies.
Cryptocurrency
MAS Seeking Granular Business Activity Info From Crypto Firms
By Editors | 29/08/2022
The exercise is reportedly aimed at gathering information from crypto-related firms in Singapore ahead of planned regulatory changes for the sector.
Capital Adequacy
NZ Government Takes Direct Ownership of Kiwibank
By Editors | 28/08/2022
The government pledged to support Kiwibank, New Zealand’s fifth-largest retail bank, to become a “genuine competitor in the banking industry”.
Operational Risk
Better Governance Needed to Promote Bank Soundness: RBI
By Editors | 28/08/2022
A new study suggests public sector banks may need greater autonomy to improve their governance structures.
Emerging Prudential Risks
Canada OFSI Issues Guidance on Bank Treatment of Crypto
By Mark Johnston | 28/08/2022
OFSI provides no recognition (i.e., a 100% haircut) for Group 2 cryptoassets held as collateral, but is seeking views on hedging practices that could warrant a lower haircut.
Emerging Prudential Risks
China Announces New Measures to Support Economic Recovery
By Editors | 25/08/2022
The measures includes ¥500bn in local government bond quotas, ¥300bn for infrastructure projects, and ¥200bn in bonds issued by state-owned power companies.
Capital Adequacy
Vietnam Sets Targets to Improve Banking System Health
By Editors | 25/08/2022
The MOF also aspires to have two to three Vietnamese commercial banks classified as among the top 100 strongest banks in Asia by 2025.
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