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Conduct, Culture & Accountability
Westpac Advances Progress on Risk Governance Improvements
By Ranamita Chakraborty | 13/11/2021
Westpac CEO Peter King says the bank is already seeing culture improvements and benefits through reduced complexity and improved accountability.
Structural Regulation
Shenzhen Delivers ‘Landmark’ Personal Bankruptcy Ruling – Report
By Sanday Chongo Kabange | 13/11/2021
The ruling is is step towards building China’s legal framework that will allow millions of individuals to reorganise their debts.
Emerging Prudential Risks
APRA Sets Out Macroprudential Policy Framework
By Editors | 12/11/2021
APRA has defined certain credit measures it can take to address systemic risks if needed, such as temporary lending limits and minimum lending standards.
Market Risk
BCBS Finalises Revisions to Market Risk Disclosure Requirements
By Editors | 12/11/2021
The BCBS has also finalised standards for banks to use when disclosing their sovereign exposures and risk-weighted assets.
Conduct, Culture & Accountability
MAS Raises Corporate Governance Expectations for FIs
By Sanday Chongo Kabange | 12/11/2021
New expectations on corporate governance will start to take effect from 1 January 2022, MAS says in its consultation response.
Supervision & Enforcement
FSS Faces Criticism Over Revamp of Supervisory Approach
By Editors | 11/11/2021
South Korea’s FSS will shift focus from disciplinary actions to risk prevention, according to FSS governor Jeong Eun-bo.
Credit Risk
World Bank Urges East Asian, Pacific Jurisdictions to Address NPLs
By Ranamita Chakraborty | 11/11/2021
A new report from the World Bank offers recommendations for East Asian and Pacific countries on addressing pandemic-related non-performing loans.
Emerging Prudential Risks
Fed Warns of Spillover Risk from China Property Markets
By Editors | 09/11/2021
Financial stresses in China could strain global financial markets and affect the US, the Federal Reserve says in its financial stability report.
Emerging Prudential Risks
BCBS Offers Progress Update on Climate, Cryptoasset Work
By Editors | 09/11/2021
The BCBS will issue a consultation this month on the effective management and supervision of climate-related financial risks at internationally active banks.
Resolution & Recovery
HKMA Finalises Guidance on Implementing OCIR Arrangements
By Sanday Chongo Kabange | 08/11/2021
In a new chapter of its code of practice, the HKMA sets out its expectations on the arrangements banks must have in place to maintain operational continuity in resolution.
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