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Operational Risk
Japan FSA to Oversee System Improvements at Mizuho – Report
By Editors | 22/09/2021
An FSA team will directly oversee a system inspection and improvements at Mizuho following seven system failures at the bank this year.
Liquidity Risk
IMF Calls for Action to Boost Investment Fund Resilience
By Editors | 22/09/2021
Measures proposed in a new IMF staff paper include enhanced liquidity management tools, redemption frequency limits, and the use of swing pricing to disincentivise early exits.
Credit Risk
Hong Kong Further Extends Three Loan Support Schemes
By Editors | 21/09/2021
The 100% Personal Loan Guarantee Scheme, SME Financing Guarantee Scheme, and Pre-approved Principal Payment Holiday Scheme are being extended.
Cybersecurity
BCBS Calls on Banking Sector to Enhance Cyber Defences
By Editors | 21/09/2021
Remote work arrangements and digital financial services have “enlarged banks’ attack surfaces”, creating opportunities for malicious actors, the BCBS said.
Credit Risk
India Authorises Sovereign Guarantee for New ‘Bad Bank’
By Editors | 20/09/2021
India’s new National Asset Reconstruction Company will acquire stressed assets through the issuance of tradeable security receipts guaranteed by the government.
Credit Risk
PBOC Injects Liquidity Amid Fears of Evergrande Default
By Editors | 19/09/2021
Evergrande is being called China’s Lehman, as a default by the company could spill into numerous industries. Interest payments on two notes come due this week.
Credit Risk
Huarong Puts Assets Up for Sale in Restructuring Effort
By Editors | 18/09/2021
The move follows an agreement by state-backed investors including Citic Group to recapitalise Huarong.
Credit Risk
S. Korea to Extend Loan Support for SMEs Six More Months
By Editors | 18/09/2021
To help support small businesses, state-run financial institutions will provide liquidity worth about 4 trillion won.
Resolution & Recovery
China Regulators Dispatch Lawyers, Advisers to Assess Evergrande
By Sanday Chongo Kabange | 17/09/2021
Chinese authorities may be preparing for a major restructuring of Evergrande’s debt, as protesting investors demand repayment on overdue wealth management products.
Liquidity Risk
New CBSL Governor Takes Office, Pledges to Ensure Stability
By Duruthu E Chandrasekera | 16/09/2021
The changes at the CBSL come as Sri Lanka faces depleting foreign exchange reserves and a weakening currency.
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