Prudential Risk

Credit Risk

Cambodia: NBC Extends Debt Relief Measures to Year-End

By Sanday Chongo Kabange | 01/06/2021

The NBC has committed to maintaining the RRR at 7 percent “until further notice” and removed a three-time limit on debt restructuring.

Operational Risk

New Reputational Risk Guidelines to Strengthen Resilience: BSP

By Ranamita Chakraborty | 01/06/2021

Financial institutions have until April 2022 to fully comply with the BSP’s new guidelines on reputational risk management.

Market Risk

PBOC Tightens FX Market Liquidity to Curb Speculation

By Manesh Samtani | 01/06/2021

The PBOC has raised the RRR for foreign currency deposits for the first time in 14 years and asked enterprise and FIs not to engage in FX speculation.

Cybersecurity

MAS Issues Consultation Response on Credit Reporting Regulations

By Manesh Samtani | 01/06/2021

Licensed credit bureaus will be required to establish a Code of Conduct and comply with requirements on technology risk management and cyber security.

Capital Adequacy

CCP12 Calls for Global Coordination on Basel III Timelines

By Editors | 01/06/2021

Divergences of local implementation timelines could have unintended knock-on effects on certain bank and bank-affiliated clearing members.

Trading & Investment

DBS, StanChart Execute First SORA Interbank Option Trade

By Editors | 31/05/2021

The interbank option trade was executed to manage market risk arising from a SORA interest rate option, which was also an industry first.

Conduct, Culture & Accountability

APRA Targets Risk Culture in Superannuation Sector

By Ranamita Chakraborty | 31/05/2021

APRA is piloting a risk culture survey with plans to roll it out to a number of superannuation entities in 2022.

Credit Risk

RBI Warns Banks to Prepare for Higher Provisioning

By Manesh Samtani | 31/05/2021

Banks will need to closely monitor their asset quality in the coming quarters, the RBI said in its annual report.

Cryptocurrency

Leveraged Crypto Trading Threatens Financial System: BOK

By Sanday Chongo Kabange | 31/05/2021

High leverage, price volatility and increased trading in crypto assets puts households at risk of financial damages, which could impact the financial system.