Prudential Risk

Operational Risk

FSA Issues Business Improvement Order to Mizuho, Again

By Editors | 18/02/2022

The business improvement order requires Mizuho and its parent to report to the FSA about the cause of another system failure which halted ATM operations on 11 February.

Cryptocurrency

FSB Updates G20 on 2022 Priorities, Including Work on Crypto-assets

By Manesh Samtani | 17/02/2022

The FSB has started to examine regulatory and supervisory issues and approaches to address risks stemming from unbacked crypto-assets.

Payments & Settlements

Bangladesh Revises Rules on Mobile Financial Services

By Sanday Chongo Kabange | 17/02/2022

The revised regulations allow financial institutions other than banks, as well as government entities, to provide mobile financial services.

Cryptocurrency

Crypto-related Financial Stability Risks are Increasing: FSB

By Manesh Samtani | 16/02/2022

Crypto-related financial stability risks could “rapidly escalate”, underscoring the need for “timely and pre-emptive” evaluation of possible policy responses.

CBDCs

IMF Paper Offers Insights from Six CBDC Pioneer Projects

By Sanday Chongo Kabange | 15/02/2022

A new IMF paper offers lessons on CBDCs drawn from ongoing projects in China, the Bahamas, Sweden, Uruguay, Canada and the ECCU.

Clearing & Post-Trade

ASX Proposes Changes to Rules on Investment Loss Allocation

By Editors | 14/02/2022

The changes relate to the allocation of US settlement bank investment losses that arise from the inclusion of variation margin exposures in ASX Clear (Futures) overnight margin calls.

Cloud & Infrastructure

Interconnected Data: A Strategic Approach to Regulatory Compliance

By Bradley Foster | 14/02/2022

Bradley Foster and Murat Bozdemir discuss the need to have a strategic data framework in place to ensure regulatory compliance and set out operational best practices for the road ahead.

Operational Risk

Taiwan to Finalise Risk Management Rules for Futures Trust Companies

By Editors | 12/02/2022

Futures trust companies are required to set up dedicated risk management departments with “adequate and competent” full-time personnel by 31 December.

Emerging Prudential Risks

Banks with Shadow Loans Face Higher Funding Costs

By Sanday Chongo Kabange | 10/02/2022

A new BIS paper finds that banks with high shadow loans face higher funding costs in the wholesale market and witness lower returns during market stress.