Prudential Risk

Liquidity Risk

UK Regulator Fines StanChart Over Liquidity Reporting Errors

By Editors | 24/12/2021

The PRA said StanChart’s internal controls and governance arrangements underpinning its regulatory reporting were not implemented or operating effectively.

Structural Regulation

HKMA Moves to Reduce LIBOR-related Reporting Frequency

By Editors | 24/12/2021

The move from monthly reporting back to quarterly reporting means the next reporting position after December 2021 will be March 2022.

Conduct, Culture & Accountability

ASIC Urges Listed Entities to Disclose Business Risk Properly

By Sanday Chongo Kabange | 23/12/2021

Listed company directors and auditors should focus on impairment of assets, particularly as some businesses may be adversely affected in a post-Covid environment.

Operational Risk

HKMA Proposes New Guidance on Operational Resilience

By Manesh Samtani | 23/12/2021

Revisions to guidance on operational risk management and BCP have also been proposed to align with the operational resilience guidance.

Anti-Money Laundering

Regulation Asia: Top 20 News Stories for 2021

By Editors | 23/12/2021

This list presents the most-read new stories published by Regulation Asia in 2021, based on aggregated user traffic analytics.

Cybersecurity

RBA Warns of ‘Dire Consequences’ from Cyber and Climate Risks

By Mark Johnston | 23/12/2021

The RBA’s Jonathan Kearns said banks need to continue to address evolving risks, as they can morph into systemic risks with potentially dire consequences.

Capital Adequacy

HKMA Consults on Local Adoption of Pillar 3 Disclosure Requirements

By Manesh Samtani | 23/12/2021

The HKMA proposes to implement almost all the Pillar 3 disclosure requirements, including leverage ratio and market risk disclosure requirements.

Credit Risk

BOJ to Roll Back Bond Purchases, Funding Support for Large Firms

By Mark Johnston | 22/12/2021

The BOJ has rolled back emergency pandemic funding for large firms but will maintain ultra-loose monetary policy while extending financial relief for small firms.

Emerging Prudential Risks

CBIRC Asks Banks, Insurers to Finance Technology Innovation

By Darien Choong | 22/12/2021

The CBIRC says it actively supports direct and indirect financing of tech enterprises, on the premise of “controllable risks and compliance with laws and regulations”.