Prudential Risk

Liquidity Risk

CBSL Governor Steps Down as Sri Lanka Faces FX Crisis

By Editors | 12/09/2021

Sri Lanka has imposed import restrictions to limit foreign currency outflows, while also borrowing more internationally to bolster its reserves.

Cybersecurity

EU Regulators Warn of Cyber Risk, Credit Losses, Market Exuberance

By Sanday Chongo Kabange | 12/09/2021

The EBA, ESMA and EIOPA warn of increasingly sophisticated cyber-attacks, deteriorating credit quality, and possible exuberance in markets.

Liquidity Risk

APRA, RBA to Discontinue Committed Liquidity Facility

By Editors | 10/09/2021

APRA and the RBA consider there to be sufficient HQLA for banks to meet LCR requirements and for the foreseeable future without the need to utilise the CLF.

Emerging Prudential Risks

IOSCO Says Credit Sensitive Rates Pose Financial Stability Risk

By Manesh Samtani | 09/09/2021

IOSCO says SOFR should be used in place of USD LIBOR and that it will be closely monitoring how the “IOSCO badge” is used in compliance assessments of credit sensitive rates.

Supervision & Enforcement

APRA Finds Praise in Survey of Regulated Entities

By Editors | 09/09/2021

APRA’s supervision helps to protect banking, insurance and superannuation industries, say 95 percent of regulated entities.

Conduct, Culture & Accountability

HKMA Urges Continued Momentum in Bank Culture Efforts

By Manesh Samtani | 09/09/2021

Culture is the “invisible glue” that holds a bank together and assumes an even more critical role during the pandemic, says the HKMA’s Arthur Yuen.

Liquidity Risk

RBNZ Directs Banks to Correct Liquidity Management Weaknesses

By Ranamita Chakraborty | 08/09/2021

Banks have been sent a detailed list of the RBNZ’s findings and instructions to develop remediation plans and conduct assessments against the findings.

Credit Risk

FSS Korea Warns KB Savings Bank Over Lax Lending Controls

By Editors | 08/09/2021

KB Savings Bank increased its household lending by raising internal limits and discounting interest rates, without a strict review process and proper oversight.

Credit Risk

OJK Indonesia Extends Debt Restructuring Relief for One Year

By Editors | 07/09/2021

Banks are still required to ensure adequate risk management procedures are in place and that only debtors who are eligible are given the option to restructure their debt.