Prudential Risk

Emerging Prudential Risks

US, EU Policy Normalisation Presents Risks for Asia: BIS

By Editors | 25/10/2021

While Asian emerging markets are better placed to withstand tightening global financial conditions, there are lingering causes for concern, says Agustín Carstens.

Operational Risk

MAS Consults on Revisions to BCM Guidelines

By Manesh Samtani | 23/10/2021

The guidelines emphasise the need for FIs to take an end-to-end view in ensuring the continuous delivery of critical business services and functions.

Emerging Prudential Risks

RBI Finalises New Regulatory Framework for NBFCs

By Editors | 22/10/2021

The RBI is adopting a four-layer approach to regulating NBFCs. The new framework will take effect from 1 October 2022.

Climate Risk

Too Soon to Base Capital Requirements on Climate Scenarios

By ESG Investor | 21/10/2021

NGFS members do not yet envisage calibrating prudential policies such as capital requirements on the basis of climate scenario exercises.

Emerging Prudential Risks

US Regulators Publishes Guidance on ‘Orderly’ LIBOR Transition

By Sanday Chongo Kabange | 21/10/2021

A draw on an existing agreement that is legally enforceable, such as a committed credit facility, would not be viewed as a new contract.

Credit Risk

APRA Postpones Implementation of Updated ARS 720.1

By Ranamita Chakraborty | 21/10/2021

Delaying the commencement will provide ADIs with more time to make transition to the updated standard, APRA said.

Emerging Prudential Risks

RBNZ Reviews Policy for Branches of Overseas Banks

By Editors | 21/10/2021

The RBNZ says there are inherent limitations on its ability to apply its regulatory standards to all branches and to supervise them effectively.

Conduct, Culture & Accountability

APRA Issues Updated Guidance on New Remuneration Standards

By Sanday Chongo Kabange | 21/10/2021

The guidance has been updated to align with the Financial Accountability Regime and provide additional examples of better practices to help entities transition smoothly.

Credit Risk

PBOC Says Evergrande Risks ‘Controllable’, as Risks Spill Over

By Manesh Samtani | 20/10/2021

While PBOC officials are framing the Evergrande crisis as an isolated situation, problems in the property sector have broader implications for banks and investor confidence.