Prudential Risk

Data Privacy

RBI Halts Plan to Allow New Umbrella Entities in Retail Payments

By Editors | 01/09/2021

The decision is reportedly based on data security concerns following recent breaches at payment firms and non-compliance by global payment giants with India’s data localisation rules.

Credit Risk

Bangladesh Bank Extends Policy on Loan Classification Leniency

By Editors | 01/09/2021

Borrowers will not be considered in default if they repay 25 percent of their loan instalments until December this year.

Emerging Prudential Risks

HKMA, SFC to Develop Concentration Risk Alerting System – Report

By Editors | 01/09/2021

The new system is intended to detect excessive risk-taking by banks and investment funds to guard against an Archegos style collapse.

Credit Risk

APRA Confirms Approach to New Credit Risk Reporting Standard

By Sanday Chongo Kabange | 31/08/2021

APRA will proceed with implementation of the interim ARS 220.0 commencing 1 January 2022, despite feedback indicating its approach presented a burden for ADIs.

Supervision & Enforcement

13 Super Funds Fail APRA’s First Performance Test

By Sanday Chongo Kabange | 31/08/2021

If the failing super funds do not improve in next year’s test they will have to transfer their members to funds that deliver better outcomes.

Structural Regulation

China: Banks Asked to Comply with New WMP Rules Faster

By Editors | 30/08/2021

Banks are asked to start valuing newly invested fixed-term open-ended WMP assets based on market value starting from 1 September.

Operational Risk

APRA Focuses on Resilience in Updated Corporate Plan

By Sanday Chongo Kabange | 30/08/2021

APRA will look to enhance resilience in the financial system, including cyber resilience, while also transforming governance, risk-culture, remuneration and accountability.

Conduct, Culture & Accountability

APRA Finalises Prudential Standard on Remuneration

By Manesh Samtani | 29/08/2021

The prudential standard on remuneration will come into effect from 1 January 2023 initially for the largest and most complex ADIs.

Emerging Prudential Risks

PBOC Receives Third Financial Holding Company Application

By Sanday Chongo Kabange | 29/08/2021

Beijing Financial Holdings Group is the third company to apply for a licence after China CITIC and China Everbright Group.