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Credit Risk
Ant Group Separates Loan Services from Partner Lending
By Sanday Chongo Kabange | 30/11/2021
Consumers must give consent for their credit data to be shared with the PBOC to use Ant Group’s lending services.
Operational Risk
APRA Imposes Capital Surcharge on Heritage Bank
By Editors | 29/11/2021
Heritage Bank will also have to complete a remediation programme to address governance and risk management concerns.
Capital Adequacy
China Announces Raft of Regulatory Changes for Insurance Sector
By Darien Choong | 29/11/2021
Requirements on the perpetual bond issuance have been revised and credit rating requirements for bond investments have been eased.
Climate Risk
APRA Finalises Guidance on Climate Change Financial Risks
By Sanday Chongo Kabange | 29/11/2021
The new climate change prudential practice guide covers governance, risk management, scenario analysis and disclosure.
Cloud & Infrastructure
HKMA Offers Guidance on Regtech for Reporting, Stress Testing
By Manesh Samtani | 28/11/2021
The latest regtech adoption guide highlights challenges banks face as a result of their use of legacy systems and siloed data structures.
Operational Risk
RBNZ Calls for Risk Governance Improvements at Westpac NZ
By Ranamita Chakraborty | 26/11/2021
An independent report found issues were acknowledged by the board for several years but they were not given due attention or effective remediation.
Structural Regulation
ACCC Approves NAB Acquisition of Citi Consumer Business
By Editors | 26/11/2021
In its review, which focused on competition in the supply of credit cards, the ACCC found that the transaction “would not substantially lessen competition”.
Cryptocurrency
US Regulators Pledge to Provide Clarity on Crypto Next Year
By Editors | 26/11/2021
The Fed, OCC and FDIC plan to provide clarity on whether certain crypto-related activities conducted by banks are “legally permissible”.
Trading & Investment
ASIC Imposes Licence Conditions on ASX Over 2020 Outage
By Sanday Chongo Kabange | 26/11/2021
ASIC wants market participants to be able to re-route trades to alternative venues such as Chi-X in the event of a future market outage.
Supervision & Enforcement
CBIRC Orders Banks to Strengthen Risk Controls
By Darien Choong | 25/11/2021
Insufficient assessment of potential business risks and a lack of core management systems and control measures have surfaced, the CBIRC said.
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