Prudential Risk

Operational Risk

ASIC Finds ‘Robust’ Valuation Practices in Fund Industry

By Ranamita Chakraborty | 11/08/2021

Valuation practices for illiquid assets were robust, timely and consistent with regulatory guidance and industry standards, ASIC found in a review.

Structural Regulation

NAB Enters Agreement to Acquire Citigroup Consumer Business

By Sanday Chongo Kabange | 10/08/2021

Subject to regulatory approvals from the Treasury, APRA and the ACCC, the acquisition is expected to be complete by March 2022.

Emerging Prudential Risks

Thailand to Lower Deposit Protection to 1 Million Baht

By Pongnut Thanaboonchai | 10/08/2021

The maximum threshold of deposit protection will be lowered from 5 million baht to 1 million baht, effective from 11 August.

Resolution & Recovery

India Progresses Key Deposit Insurance Reforms

By Editors | 09/08/2021

The reforms will enable customers to access their deposits within 90 days if a bank is unable to fulfill its obligations due to a moratorium.

Credit Risk

Korean President Nominates New Chiefs for FSC, FSS

By Editors | 09/08/2021

BOK board member Koh Seung-beom will lead the FSC, subject to a confirmation hearing. Former financial regulator Jeong Eun-bo will lead the FSS.

Liquidity Risk

RBI Extends Liquidity Facilities for Banks, NBFCs

By Editors | 09/08/2021

The impacts of the second wave of the Covid-19 pandemic have been visible in the real estate sector, the RBI said. It is also monitoring stressed assets in the banking sector.

Credit Risk

UPDATED – RBI Extends Deadline for Current Account Restrictions

By Editors | 09/08/2021

The extension is being provided to ensure customers are “not put to undue inconvenience during the implementation process”.

Credit Risk

China: New Rules Issued to Address Unreliable Bond Ratings

By Editors | 08/08/2021

The rules require credit rating agencies to strengthen their methodologies and systems, improve corporate governance, and avoid conflicts of interest.

Capital Adequacy

APRA Releases Final Prudential Standard on Capital Adequacy

By Editors | 06/08/2021

CET1 capital may not have unusual features that could undermine its role as the highest quality loss-absorbing capital. The final APS 111 takes effect from 1 January 2022.