Prudential Risk

Credit Risk

Korea Creates Taskforce to Oversee Household Debt Management

By Editors | 01/11/2021

The taskforce will explore additional measures to manage household debt-related risks and promote more responsible lending practices.

Cloud & Infrastructure

IOSCO Updates, Expands Principles on Outsourcing

By Editors | 31/10/2021

IOSCO’s principles on outsourcing have been updated to include trading venues, intermediaries/market participants acting on a proprietary basis, and CRAs.

Emerging Prudential Risks

UK Considers Use of Climate Risk Capital Buffers

By Editors | 31/10/2021

The Bank of England is exploring whether to use capital add-ons or scalars to address weaknesses in climate risk management.

Resolution & Recovery

FSC Korea Orders Citi to Submit Detailed Plans on Market Exit

By Editors | 31/10/2021

Citi is asked to submit a detailed plan for how it will protect consumer rights as it exits its retail banking business in Korea.

Operational Risk

APRA Finalises Expectations on Negative Rate Preparedness

By Editors | 31/10/2021

ADIs have until 31 July 2022 to develop tactical solutions to implement zero and negative market interest rates and cash rate.

Capital Adequacy

EU Defers Full Basel III Implementation to January 2025

By Manesh Samtani | 29/10/2021

The EU’s Basel III package of rules includes requirements for banks to under climate stress testing as well as identify, disclose and manage ESG risks.

Operational Risk

APRA Directs Super Funds to Improve Operations

By Ranamita Chakraborty | 29/10/2021

APRA has concluded three thematic reviews into core operational areas for super funds. Trustees are asked to draw from the findings to improve their operations.

Credit Risk

S. Korea Unveils More Measures to Contain Household Debt

By Sanday Chongo Kabange | 28/10/2021

Among the measures, the FSC will monitor how banks are applying suitability and adequacy principles in their lending, and impose fines for violations.

Emerging Prudential Risks

FSB Annual Report Warns of Continued Financial Stability Risk

By Manesh Samtani | 28/10/2021

Sudden sharp movements in asset prices could spill over across the financial system and the unwinding of policy support could prompt insolvencies and credit losses.