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Fraud, Scams & Cybercrime
BOT Creates Database to Guard Against Factoring Fraud
By Editors | 04/05/2021
The database acts as a centralised repository of factoring-related transactions to guard against counterfeiting, double financing and fraud.
Market Risk
Getting Your Hands Dirty with IBOR Transition
By Manesh Samtani | 03/05/2021
Specialists from Bloomberg, Standard Chartered Bank, ING Bank and Clifford Chance discuss IBOR transition challenges and how to address them.
Conduct, Culture & Accountability
RBI to Require Banks, NBFCs to Seek Annual Auditor Approval
By Editors | 03/05/2021
Banks and NBFCs will be required to obtain approval for the appointment and reappointment of their statutory auditors on an annual basis.
Emerging Prudential Risks
APRA Chair Outlines Initiatives to Financial Sector Risks
By Sanday Chongo Kabange | 03/05/2021
APRA is piloting a risk culture survey, independent cyber security reviews, and a new data collection exercise on technology and cyber risks.
Structural Regulation
China Regulators Order Tech Firms to Rectify Violations
By Manesh Samtani | 02/05/2021
Thirteen tech firms including Tencent, ByteDance and Baidu’s fintech arm are directed to correct regulatory violations in their financial services businesses.
Credit Risk
SEBI Issues Guidelines for CRAs on Issuing Provisional Ratings
By Editors | 01/05/2021
Credit rating agencies cannot assign a rating, including provisional decisions, to an issuer or client evaluating strategic decisions.
Conduct, Culture & Accountability
APRA Issues Draft Prudential Practice Guide on Remuneration
By Editors | 01/05/2021
The guidance will assist entities in complying with APRA’s new standard on remuneration, which is expected to be finalised later this year.
Credit Risk
ICBC Extends Loan to Huarong to Pay Offshore Bond
By Manesh Samtani | 29/04/2021
The CBIRC had asked banks not to withhold loans from Huarong for at least six months, to help the company refinance its debt.
Credit Risk
CBIRC Orders Big Banks to Increase SME Loans by 30pc
By Editors | 29/04/2021
The CBIRC has asked China’s five largest banks to increase their inclusive loans to SMEs by over 30 percent for the year.
Credit Risk
Bank Losses from Archegos Collapse to Exceed $10bn
By Sanday Chongo Kabange | 29/04/2021
New disclosures from UBS and Nomura have raised estimates of the total losses to banks to over $10.5bn.
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