Prudential Risk

Emerging Prudential Risks

We Are Not Out of the Woods Yet: Agustín Carstens

By Manesh Samtani | 01/07/2021

While economic disaster was averted, the BIS warns that considerable uncertainty remains that will present significant challenges for policymakers.

Credit Risk

BOK to Continue Bond Market Support, Scale Back Monetary Measures

By Editors | 01/07/2021

The BOK is concerned that growing financial risks, household debt, and higher inflation could spark a new crisis.

Supervision & Enforcement

FINRA Orders Record Financial Penalties Against Robinhood

By Editors | 01/07/2021

Robinhood has been ordered to pay $70mn for systemic supervisory failures and significant harm suffered by millions of customers.

Emerging Prudential Risks

FSB Offers Policy Options to Enhance MMF Resilience

By Manesh Samtani | 01/07/2021

Requirements for MMFs could include capital buffers, higher liquidity requirements, or the removal of the stable NAV, among other options.

Capital Adequacy

Japan’s Amended Banking Act to Have Limited Impact: Fitch

By Ranamita Chakraborty | 30/06/2021

The amendment is expected to contribute only marginally to addressing Japanese banks’ structural profitability challenges, Fitch Ratings says.

Operational Risk

CBIRC Bans Ex-President of Sichuan Trust for 8 Years

By Sanday Chongo Kabange | 29/06/2021

Former Sichuan Trust president Chen Jun is being punished for his role in the firm’s failure to repay investors about CNY 25 billion.

Credit Risk

FSB Launches Review of Corporate Debt Workouts

By Editors | 29/06/2021

Feedback is invited from financial institutions, corporates, insolvency practitioners and other stakeholders in relation to out of court debt workouts.

Credit Risk

Ant Group In Talks to Share Credit Data with SOEs

By Editors | 28/06/2021

The plan may resolve the PBOC’s long-standing concerns about a lack of visibility into the country’s consumer debt market.

Capital Adequacy

FSC Korea to End Bank Dividend Cap on 30 June

By Manesh Samtani | 28/06/2021

The FSC arrived at the decision based on economic projections, bank stress tests, higher capital adequacy ratios, and higher loan loss provisions.