Prudential Risk

Credit Risk

Chinese Regulators Penalise Dagong Global Credit Rating

By Sanday Chongo Kabange | 16/07/2021

Dagong failed to adequately scrutinise or inspect the businesses it was evaluating, and adjusted its ratings models without giving sufficient reason.

Credit Risk

HKMA Announces Final Extension for Trade Loan Deferrals

By Manesh Samtani | 16/07/2021

Corporate customers can further extend their trade facilities for another 90 days until the end of October, when the scheme will expire.

Resolution & Recovery

RBI Grants In-principle Approval for PMC Bank Takeover

By Sanday Chongo Kabange | 16/07/2021

The RBI has given Centrum Financial Services in-principle approval to set up a small finance bank to take over PMC Bank.

Capital Adequacy

RBI Proposes Changes to UCB Fundraising Norms

By Ranamita Chakraborty | 15/07/2021

Primary UCBs can issue equity shares, perpetual or redeemable preference shares, perpetual debt instruments, and long-term subordinated bonds.

Emerging Prudential Risks

RBNZ Abruptly Announces End to Quantitative Easing

By Editors | 15/07/2021

The bond-buying programme was originally scheduled to run until June 2022. The RBNZ says the programme is no longer necessary for monetary policy purposes.

Liquidity Risk

APRA Proposes Banks Maintain Higher Self-securitised Assets

By Editors | 15/07/2021

APRA proposes that banks maintain at least 30 percent of their LCR Net Cash Outflows in self-securitised assets, separate from that used as collateral for the CLF.

Credit Risk

FSC Korea Grants Initial Nod for New Credit Rating Businesses

By Sanday Chongo Kabange | 14/07/2021

The granting of new credit information business licences is expected to facilitate the introduction of new models for credit evaluation.

Clearing & Post-Trade

TAIFEX to Launch Central Clearing for OTC Derivatives in June 2022

By Editors | 14/07/2021

FSC chairman Huang Tien-mu said it is “imperative” to establish central clearing for OTC derivatives as soon as possible.

Emerging Prudential Risks

New Standard Published to Assess Islamic Deposit Insurance Systems

By Editors | 14/07/2021

The IADI and IFSB have developed a set of core principles that can be used to develop and assess the effectiveness of Islamic deposit insurance systems.