Prudential Risk

    Operational Risk

    SEBI Updates Risk Management Framework for Mutual Funds, AMCs

    By Editors | 30/09/2021

    Mutual funds and AMCs will be required to maintain mandatory metrics on investment risk, liquidity risk and credit risk, and perform stress tests at least monthly.

    Resolution & Recovery

    China Asks State-backed Firms to Buy Evergrande Assets – Report

    By Manesh Samtani | 29/09/2021

    Government-owned firms and state-backed property developers have been asked to buy assets from Evergrande. Local governments have been asked to mediate.

    Operational Risk

    APRA Revises Investment Governance Standards for Super Funds

    By Editors | 29/09/2021

    A new consultation proposes enhancements to stress testing, valuation and liquidity management practices that will take effect from 1 January 2023.

    Credit Risk

    Korea to Impose Stricter Measures to Control Household Debt

    By Sanday Chongo Kabange | 29/09/2021

    FSC chairman Koh Seung-beom said the process of reversing the buildup of household debt will “take time and be uncomfortable”.

    Operational Risk

    RBA Issues Recommendations to Address Risk Issues at ASX

    By Editors | 29/09/2021

    The RBA has asked ASX to address operational risk and governance issues, as well as develop a framework to address margin procyclicality.

    Structural Regulation

    Entity-based Regulation Needed to Address Bigtech Risks: BIS

    By Manesh Samtani | 29/09/2021

    China’s financial holding company regime represents a novel entity-based regulatory approach for big techs, says a new BIS research paper.

    Emerging Prudential Risks

    CBIRC Urges Mainland Insurers to Issue Cat Bonds in HK

    By Editors | 29/09/2021

    The issuance of catastrophe bonds in Hong Kong can help diversify Mainland insurers’ losses from natural disasters and enhance the risk-sharing mechanism.

    Credit Risk

    Shenzhen Regulator Launches Probe into Evergrande Wealth

    By Editors | 29/09/2021

    The Shenzhen Financial Regulatory Bureau said a “thorough investigation” into Evergrande Wealth has been launched following investor demands for an inquiry.

    Supervision & Enforcement

    CBIRC Revises Regulatory Rating System for Banks

    By Editors | 25/09/2021

    The new rating system will increase emphasis on corporate governance and data governance, and be used as the basis for early detection and intervention to address risk.

    Credit Risk

    Bangladesh Issues Guidelines on Non-banking Asset Disposal

    By Ranamita Chakraborty | 25/09/2021

    Banks are instructed to quickly register and then dispose of non-banking assets put up as collateral in the event of a borrower default.

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