Prudential Risk

Resolution & Recovery

No Material Negative Side Effects to TBTF Reforms: FSB

By Editors | 03/04/2021

Indicators of systemic risk and moral hazard moved in the right direction, suggesting that market participants view these reforms as credible, the FSB says.

Supervision & Enforcement

Hong Kong: Group-Wide Supervision for Insurance Takes Effect

By Ranamita Chakraborty | 02/04/2021

The IA is looking to formally designate AIA Group, FWD Group and the Prudential Group as being subject to the new framework by mid-2021.

Operational Risk

APRA Raises Macquarie’s Capital, Liquidity Requirements

By Editors | 02/04/2021

Macquarie is said to have incorrectly treated specific intra-group funding arrangements for the purposes of calculating capital and related entity exposure metrics.

Cybersecurity

FS-ISAC Warns Banks of Growing Threat from Cyber Attacks

By Editors | 01/04/2021

Nation-states and cybercriminals may be wittingly leveraging each other’s tools and tactics, leading to an increase in cross-border attacks targeting financial services suppliers.

Operational Risk

BCBS Issues Principles for Operational Resilience and Risk

By Editors | 01/04/2021

Increasing banks’ resilience to absorb shocks from operational risks will provide additional safeguards to the financial system as a whole, the BCBS says.

Structural Regulation

BSP Encourages Greater Development of Islamic Banking

By Ranamita Chakraborty | 01/04/2021

The BSP is proactively approaching local and foreign lenders to ascertain whether they are interested in establishing Islamic banking units.

Capital Adequacy

RBNZ Eases Restrictions on Bank Dividend Payouts

By Editors | 31/03/2021

The 50% dividend restriction will remain in place until 1 July 2022, at which point the RBNZ will seek to normalise the dividend settings.

Climate Risk

BOJ, FSA Highlight Ongoing Initiatives to Address Climate Risk

By Manesh Samtani | 31/03/2021

Bank examinations will include assessments of efforts to address climate-related risks, and work is underway to identify possible approaches to climate-related scenario analysis.

Market Risk

HKMA Issues Guidance on Reporting ARR Positions in IRRBB Returns

By Manesh Samtani | 30/03/2021

The guidelines say alternative volatility estimates may be used value new ARR options in cases where there is not enough implied interest rate volatility data.