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Operational Risk
HKMA Directs Banks to Prepare for OpRisk Rule Updates
By Manesh Samtani | 22/04/2021
The HKMA plans to revise its SPM module on Operational Risk Management to incorporate elements of the revised PSMOR issued by the BCBS.
Climate Risk
APRA Issues Draft Guidance on Climate-related Financial Risk
By Manesh Samtani | 22/04/2021
The consultation says institutions and boards may face liability risks if they do not adequately consider or respond to the impacts of climate change.
Resolution & Recovery
New Zealand to Introduce Deposit Guarantee Scheme by 2023
By Sanday Chongo Kabange | 22/04/2021
The NZBA’s Roger Beaumont says banks should pay lower levies compared to non-bank deposit takers because they are less likely to call on the scheme.
Resolution & Recovery
Close-out Netting Can Be Guaranteed in Resolution: CBIRC
By Sanday Chongo Kabange | 22/04/2021
Recent bankruptcies by FIs have “fully proved” that close-out netting can be guaranteed in the resolution stage, a CBIRC official said at ASIFMA’s China Capital Markets Week.
Emerging Prudential Risks
BOJ Warns of Post Covid Risks to Financial Stability
By Sanday Chongo Kabange | 21/04/2021
Even after the pandemic subsides, low interest rates will continue to exert downward pressure on FIs’ profits, the BOJ says.
Credit Risk
RBI to Review Efficacy of Regulatory Framework for ARCs
By Editors | 21/04/2021
The RBI has set up an expert panel that will review the role of asset reconstruction companies in the resolution of stressed assets.
Credit Risk
HKMA Issues Guidance on Govt Guaranteed Personal Loans
By Manesh Samtani | 20/04/2021
Lenders should not take any actions which tighten credit to borrowers on knowledge of their application for PLGS loans.
Emerging Prudential Risks
Bangladesh Bank Issues Guidelines on Country Risk Management
By Ranamita Chakraborty | 20/04/2021
From Q1 2022, banks will need to make general provisions on the net funded country exposures on a graded scale ranging from 0.25 to 20 percent.
Credit Risk
BCBS to Discuss Archegos Collapse, Total Return Swaps
By Sanday Chongo Kabange | 20/04/2021
The BCBS will intensify scrutiny of structured financial products and total return swaps, according to Secretary General Carolyn Rogers.
Market Risk
Bangladesh Bank Issues Guidelines on ‘Experimental’ IRRBB Adoption
By Editors | 19/04/2021
To facilitate the full implementation by 30 June 2024, banks are asked to arrange for the experimental adoption of the guidelines by 30 June 2021.
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