Prudential Risk

Credit Risk

BOJ Warns of Higher Credit Costs, Market Risks

By Ranamita Chakraborty | 28/10/2021

In its financial system report, the BOJ said the delayed economic recovery is raising credit risks, particularly in the highly-leveraged real estate sector.

Liquidity Risk

Chinese Authorities Order ‘Key Industries’ to Repay Their Debt

By Manesh Samtani | 27/10/2021

The notice from the NDRC and SAFE comes days after Evergrande paid $83.5mn worth of overdue interest on an offshore bond just before a grace period expired.

Market Risk

APRA Defers Implementation of IRRBB, FRTB, CVA Risk

By Editors | 27/10/2021

The prudential standard for IRRBB will now take effect from 1 January 2024. The FRTB and CVA risk frameworks will take effect from 1 January 2025.

Credit Risk

FSC Korea to Launch New Initiative to Boost Microfinance

By Sanday Chongo Kabange | 27/10/2021

The new credit card-based microloan service seeks to expand opportunities for lower income earners without access to traditional credit finance channels.

KYC & CDD

RBI Orders Banks to Report Data on Borrower Relationships

By Ranamita Chakraborty | 27/10/2021

The RBI said it has observed “a low level of relationship segment details” in the databases of credit information companies.

Market Risk

International Standard Setters Launch Review into Margin Practices

By Editors | 26/10/2021

While centrally cleared and non-centrally cleared markets faced similar levels of volatility in March and April 2020, IM requirements increased significantly only for centrally cleared derivatives.

Cybersecurity

Taiwan’s FSC Amends Regulations for Financial Holding Companies

By Darien Choong | 26/10/2021

Foreign banks in Taiwan are no longer required to have a local chief of information security if there is a designated officer at the head office or regional level.

Capital Adequacy

RBI Extends Basel III Rules to All India Financial Institutions

By Ranamita Chakraborty | 26/10/2021

EXIM Bank, NABARD, NHB and SIDBI are increasingly seen as key institutions for promoting the flow of credit to certain economic sectors.

Structural Regulation

HK Financial Sector Calls for Easing of Covid Restrictions

By Sanday Chongo Kabange | 25/10/2021

Nearly half of surveyed FIs are considering moving staff or functions away from Hong Kong due to operational challenges, including travel and quarantine uncertainty.