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Operational Risk
RBI Directs Banks to Enhance Internal Audit Function
By Editors | 12/01/2021
Banks are encouraged to adopt the international standards for internal audit, such as those issued by the BCBS or the Institute of Internal Auditors.
Clearing & Post-Trade
CCPs Should Limit Procyclical Changes to Initial Margin: ISDA
By Editors | 11/01/2021
Procyclical changes to initial margin levels ended up draining liquidity from the market and contributing to market stress during the March/April market turmoil.
Clearing & Post-Trade
HKEX Launches Familiarisation Programme for New Risk Engine
By Editors | 11/01/2021
A familiarisation programme has been launched to allow clearing participants to retrieve margin related reports calculated based on the new ORP risk models.
Capital Adequacy
UOB Prices Singapore’s First Capital Security with SORA Reference
By Editors | 10/01/2021
UOB priced its perpetual, non-call five-year AT1 securities with a reset coupon rate that references the SORA-OIS rate.
Emerging Prudential Risks
CBIRC Directs Rural Banks to Merge, Reorganise to Contain Risks
By Editors | 10/01/2021
The CBIRC says rural banks should boost capital, merge with other institutions, or introduce strategic investors to mitigate financial risks.
Credit Risk
Myanmar Launches First Credit Bureau Following Soft Launch
By Editors | 08/01/2021
The bureau is a joint venture between MB Investment, a company formed by Myanmar banks, and a subsidiary of Singapore-listed Credit Bureau Asia.
Liquidity Risk
BOT Relaxes Foreign Exchange Rules for Non-resident Firms
By Editors | 07/01/2021
The central bank said the relaxations will allow non-financial companies greater flexibility to manage currency risks and liquidity related to the Thai baht.
Emerging Prudential Risks
China Revises Upper Limit on Overseas Lending, Borrowing
By Editors | 07/01/2021
The PBOC and SAFE have adjusted the upper limits on overseas lending and borrowing by domestic enterprises, as the RMB trades at its highest levels since mid 2018.
Operational Risk
China Implements New Bank Performance Evaluation Mechanism
By Editors | 07/01/2021
State-owned banks based on their contributions to the economy, high quality development, risk management, and operational efficiency.
AI Risk & Governance
MAS Announces Completion of Phase One of Veritas Initiative
By Editors | 06/01/2021
The first phase of Veritas resulted in the development of a fairness assessment methodology based on the FEAT principles for two use cases.
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