Prudential Risk

Operational Risk

Mizuho Head to Turn Down JBA Chairmanship – Report

By Editors | 14/04/2021

Mizuho Financial Group president and group CEO Tatsufumi Sakai was due to take over as JBA chairman on 1 April.

Operational Risk

Nomura Establishes Internal Team to Probe Archegos Loss

By Sanday Chongo Kabange | 13/04/2021

Nomura has set up the team to look into the bank’s risk management practices. It plans to disclose details of Archegos loss in late April.

Supervision & Enforcement

RBNZ Establishes Standalone Enforcement Department

By Ranamita Chakraborty | 13/04/2021

The new department will work to incentivise and manage prudent behaviour as well as hold institutions to account for non-compliance.

Structural Regulation

Regulators Order Ant Group to Establish Financial Holding Company

By Manesh Samtani | 12/04/2021

Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.

Structural Regulation

JD Digits to Set Up Financial Holding Company: Report

By Sanday Chongo Kabange | 12/04/2021

The financial holding company will be separate from JD Digits’ other technology businesses, and is aimed at achieving compliance with new rules for China’s fintech sector.

Capital Adequacy

Banks Have Insufficient Incentives to Use Buffers: IMF

By Manesh Samtani | 12/04/2021

Most banks have insufficient economic incentives to draw down their buffers if they are asked to rebuild them later, says the IMF’s Global Financial Stability Report.

Emerging Prudential Risks

G20 to Use All Available Policy Tools for As Long As Required

By Manesh Samtani | 11/04/2021

G20 Finance Ministers and Central Bank Governors committed to avoiding any premature withdrawal of Covid-19 support measures, in line with the FSB’s recommendations.

Liquidity Risk

RBI Formalises Quantitative Easing Programme

By Editors | 10/04/2021

While the RBI has often purchased government securities, this is the first time it has committed to an amount upfront.

Conduct, Culture & Accountability

Australian Court Orders Penalty Against CBA for Overcharged Interest

By Editors | 10/04/2021

CBA was ordered to pay A$7mn for a systems error that resulted in over 1,500 customers being charged a higher interest rate on overdraft accounts.