Prudential Risk

Structural Regulation

Korea Allows Securities Firms to Extend Credit to Overseas Affiliates

By Sanday Chongo Kabange | 16/06/2021

Large securities firms will be allowed to extend credit to overseas branches and subsidiaries in which they have at least a 50 percent stake.

Operational Risk

RBI Requires HFCs to Enhance Internal Audit Systems

By Editors | 16/06/2021

All deposit-taking HFCs irrespective of size, and non-deposit-taking HFCs with at least INR 50 billion in assets, have to put in place an RBIA framework.

Liquidity Risk

CBIRC Issues New Rules for Cash Management Products

By Manesh Samtani | 16/06/2021

Cash management products are prohibited from investing in stocks, convertible bonds, or any financial instrument rated lower than AA+.

Emerging Prudential Risks

BOK Seeks Monetary Policy Normalisation This Year

By Ranamita Chakraborty | 16/06/2021

The central bank is considering a possible increase in its policy rate and a normalisation of monetary policy this year.

Conduct, Culture & Accountability

MAS Reprimands Four FIs Over Remuneration Practices

By Sanday Chongo Kabange | 15/06/2021

Two insurers, two financial advisory firms, and two individuals were reprimanded over breaches related to their risk management arrangements and remuneration  practices.

Clearing & Post-Trade

KRX to Launch Trade Compression Services This Year

By Editors | 15/06/2021

KRX has amended its OTC derivatives clearing and settlement rules to provide the legal basis for the introduction of trade compression services.

Credit Risk

Credit Risk, Shadow Banking Present Ongoing Concerns: CBIRC

By Editors | 15/06/2021

CBIRC chairman Guo Shuqing has highlighted credit risk, shadow banking, illegal fundraising, and derivatives trading as key sources of financial system risk.

Payments & Settlements

BNM Sets Out New Draft Policy for E-Money Issuers

By Manesh Samtani | 14/06/2021

The exposure draft proposes to impose additional requirements including on capital for e-money issuers that have “substantial market presence”.

Model Risk

ISDA Chief Calls for Use of Common Risk Data Reporting Standard

By Ranamita Chakraborty | 14/06/2021

CRIF will reduce the risk data reporting burden, increase the accuracy and consistency of the information reported, and allow for more automation.