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Anti-Money Laundering
CBIRC Reiterates Warning Against Loan Misuse in Property Market
By Sanday Chongo Kabange | 10/04/2021
In Shanghai, 339 million yuan in business and consumer loans has been misused to pay for down payments for homes.
Operational Risk
UPDATED – Bangladesh: Banks, Stock Exchanges Shorten Work Hours
By Editors | 08/04/2021
Banks were asked to carry out all transactions from 10am to 12.30pm during the lockdown and to only keep branches open until 2pm.
Conduct, Culture & Accountability
APRA Approves Westpac Plan to Strengthen Risk Governance
By Editors | 07/04/2021
The integrated plan outlines a comprehensive program of work to enhance Westpac’s risk culture and risk governance.
Emerging Prudential Risks
Premature Withdrawal of Support May Threaten Financial Stability: FSB
By Manesh Samtani | 07/04/2021
As public support is phased out, the ability of banks and non-bank financial institutions to bear risks and provide financing will be critical, the FSB says.
Cloud & Infrastructure
Mizuho May Seek Compensation from Hitachi for System Glitch
By Editors | 07/04/2021
The delay of 263 transactions for corporate clients was said to be caused by a malfunction in a disk storage device made by Hitachi.
Capital Adequacy
PBOC, CBIRC Issue Draft Rules on D-SIB Capital, Supervision
By Editors | 07/04/2021
Banks designated as D-SIBs will be subject to a capital surcharge of between 0.25 and 1.5 percent, on top of the mandatory capital adequacy ratios.
Structural Regulation
Korea Lowers Max Lending Rate, Introduces New Rules for Lenders
By Editors | 06/04/2021
The FSC will introduce new monetary sanctions and strengthen supervision on loan agreements to prevent predatory lending.
Supervision & Enforcement
US SEC Opens Preliminary Investigation into Archegos Collapse
By Manesh Samtani | 06/04/2021
Credit Suisse expects a $4.7bn loss from the collapse of Archegos. The bank has suspended share buybacks, cut its dividend, and announced the departure of seven key executives.
Structural Regulation
Myanmar: Korean Banks Raise Vigilance After Employee Shooting
By Ranamita Chakraborty | 05/04/2021
A Shinhan Bank employee has died after being shot in the head by Myanmar’s military forces. Meanwhile, local private banks are being fined for remaining closed.
Emerging Prudential Risks
Korea Finalises Supervisory Framework for Financial Conglomerates
By Editors | 05/04/2021
Effective from 30 June, the framework for the supervision of non-holding financial groups will help enhance the management of group-wide risks.
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