Prudential Risk

Resolution & Recovery

RBI Proposes Scheme to Rescue PMC Bank Depositors

By Editors | 25/11/2021

PMC Bank will be merged into Unity Small Finance Bank, which was set up on 1 November by financial services conglomerate Centrum Group and fintech firm Bharatpe.

Cybersecurity

APRA Calls For Greater Board Engagement on Cyber Risk

By Manesh Samtani | 25/11/2021

APRA found in a data collection exercise that 60 percent of regulated entities had not assessed IT service providers’ information security control testing.

Operational Risk

MAS Considers ‘Appropriate Supervisory Actions’ After DBS Outage

By Mark Johnston | 24/11/2021

MAS considering “appropriate supervisory actions” following two days of digital services disruption at DBS Bank.

Credit Risk

China Banks Directed to Ramp Up Lending for Property Projects

By Editors | 24/11/2021

Financial regulators have reportedly instructed banks to issue more loans to property firms for project development, and accelerate loan approvals.

Structural Regulation

South Korea Divests Key Stake in Woori Financial Group

By Sanday Chongo Kabange | 24/11/2021

State-operated KDIC will no longer be the largest shareholder of Woori Financial Group, 23 years after the group was created in a government bailout.

Emerging Prudential Risks

RBNZ Consults on Potential Mortgage Lending Restrictions

By Sanday Chongo Kabange | 23/11/2021

Banks need to prepare their systems for the future introduction of DSRs, and should be operationally ready to implement a regulated DTI limit by end-2022.

Capital Adequacy

FSB Publishes 2021 List of Global Systemically Important Banks

By Editors | 23/11/2021

JP Morgan, BNP and Goldman have moved to higher buckets, meaning they will have to hold larger capital buffers from 1 January 2023.

Credit Risk

CBIRC Urges Banks to Advance Supply Chain Finance Reforms

By Darien Choong | 23/11/2021

Banks are asked to strengthen risk management in supply chain finance transactions through industry research, risk monitoring, and new technologies.

Model Risk

Japan FSA Publishes Principles for Model Risk Management

By Manesh Samtani | 22/11/2021

The FSA published the principles to catalyse further development of model risk management practices in the industry and prevent risk.