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Emerging Prudential Risks
APRA Imposes New Limits on the Use of Offshore Reinsurers
By Mark Johnston | 10/03/2022
Updated prudential standard sets limits on exposures to offshore reinsurers. If a life company exceeds these limits, additional capital would need to be held.
Credit Risk
Hong Kong Balance of Risks Tilted to the Downside: IMF
By Sanday Chongo Kabange | 10/03/2022
The IMF says Hong Kong authorities should strengthen analysis of Mainland-related credit risks, and ensure internal models used by local banks are sufficiently forward-looking.
CBDCs
US President Calls for Comprehensive Approach to Digital Assets
By Editors | 10/03/2022
The US Treasury and other agencies are directed to submit a series of reports within six months recommending a policy approach for digital assets.
Credit Risk
Korea FSS Asks Banks to Increase Bad Debt Reserves
By Sanday Chongo Kabange | 10/03/2022
The FSS said economic uncertainties both domestic and abroad have increased, making it unclear whether banks have sufficient loss absorbing capacity.
Cybersecurity
CSA Singapore to Update Cybersecurity Act, Code of Practice
By Sanday Chongo Kabange | 09/03/2022
The updates will seek to address ransomware, cloud and 5G technology risks faced by critical information infrastructure sectors including banking & finance.
Trading & Investment
Nickel Short Squeeze Prompts Scrutiny from Chinese Regulators
By Editors | 09/03/2022
State-owned entities are being asked to provide data on their exposures energy and commodity-linked derivatives contracts.
Emerging Prudential Risks
China to Establish Financial Stability Fund to Defuse Risk
By Editors | 08/03/2022
Premier Li Keqiang said at the NPC’s annual meeting that the government will also adopt measures to keep housing prices stable and strengthen financial regulation.
Credit Risk
CBIRC Directs Banks, Insurers to Support Affordable Housing Projects
By Darien Choong | 08/03/2022
Loans provided to support affordable rental housing projects will not be included in the real estate loan concentration limits.
PEPs & Sanctions
S. Korea Imposes Additional Sanctions Against Russia
By Editors | 08/03/2022
The government is also making available KRW 2 trillion in emergency lending support to Korean businesses impacted by the ongoing crisis in Ukraine.
Credit Risk
BCBS Expresses Concerns About Credit Risk Uncertainty
By Sanday Chongo Kabange | 07/03/2022
Supervisors are concerned that residual support measures may be masking true credit risk conditions in the banking sector, the BCBS says.
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