Prudential Risk

Operational Risk

China SOEs Directed to Rein In Unauthorised Derivatives Trading

By Editors | 06/05/2021

SOEs are directed to ensure their subsidiaries are qualified and properly approved to trade financial derivatives, and able to manage the associated risk.

Credit Risk

CBIRC Optimises Supervision of Foreign Banks in China

By Editors | 06/05/2021

The move is expected to allow foreign banks to play a role in facilitating China’s financial market opening-up and channelling funds into the economy.

Payments & Settlements

Mitigating FX Settlement Risk in Japan’s Pensions Industry

By Margaret Law | 06/05/2021

Margaret Law and Makoto Miyazaki discuss the need for Japanese pension funds to adopt PvP settlement to mitigate FX settlement risk.

Liquidity Risk

RBI Announces Support Measures for Second Covid Wave

By Editors | 05/05/2021

The measures include liquidity for bank lending to businesses, continued regulatory exemptions, and an additional round of restructuring and moratoria flexibility.

Anti-Money Laundering

Taiwan FSC Fines Nan Shan Life Insurance Over Lax Controls

By Editors | 05/05/2021

The FSC found that 122 sales personnel paid premiums on behalf of clients with their own credit cards to earn rewards points offered by banks.

Credit Risk

RBNZ to Consider Further Calibration of LVR Restrictions

By Sanday Chongo Kabange | 05/05/2021

The RBNZ may further tighten mortgage lending to guard against financial stability risks through adjustments to LVR restrictions.

Credit Risk

BSP Extends Regulatory Relief for Banks Pending ‘FIST’ Rescue

By Ranamita Chakraborty | 05/05/2021

The BSP has extended the higher single borrower limit and relief on loan classification, pending full operationalisation of the FIST Act.

Cloud & Infrastructure

Regulatory Reporting Lessons from Singapore and Australia

By Editors | 04/05/2021

MAS and APRA are among the regulators that have wholeheartedly endorsed the use of technology to improve the quality, accuracy and speed of reporting.

Cybersecurity

IMF Offers Guidance to Central Banks on Fintech, Cybersecurity

By Sanday Chongo Kabange | 04/05/2021

The surge of technological innovation and related cybersecurity issues strengthen the need for enhanced risk management at central banks, the IMF says.