Prudential Risk

Structural Regulation

UPDATED – China to Establish Central Register for Movable Assets Pledged for Loans

By Editors | 21/12/2020

The change is reportedly seen as a significant step for China to bolster movable assets-backed financing, a key funding channel for SMEs.

Capital Adequacy

APRA to Maintain Zero Percent CCyB Through to End-2021

By Editors | 21/12/2020

APRA cites “the risk of further stresses to come” as a determining factor, including the threat of new Covid-19 outbreaks and the withdrawal of financial assistance measures.

Supervision & Enforcement

APRA Intensifies Scrutiny of Underperforming Super Funds

By Editors | 21/12/2020

APRA will issue notices requiring eight trustees to provide information on the actions being taken to address underperformance. Formal enforcement powers may be used “where appropriate”.

Credit Risk

CBIRC Grants Launch Approval to New National Bad Debt Manager

By Editors | 21/12/2020

China Galaxy Asset Management will receive its licence within ten days, and proceed with the necessary procedures to open for business in early 2021.

Cloud & Infrastructure

MAS Consults on Proposed Notices for Outsourced Services

By Manesh Samtani | 21/12/2020

Banks’ outsourcing agreements must include terms that grant MAS the right to audit the outsourced arrangement and obtain information from the service provider.

Operational Risk

HKMA Unveils Enhanced Competency Framework on Operational Risk

By Editors | 20/12/2020

The new Enhanced Competency Framework is aimed at raising the professional competence of practitioners working in the operational risk management function of banks.

Emerging Prudential Risks

BNM Launches New Financing Facility for ‘High Tech’ SMEs

By Editors | 20/12/2020

The facility will cater to SMEs in advanced manufacturing and services sectors as well as those participating in key government programmes.

Payments & Settlements

BCBS, CPMI Warn of Continued Risks Associated with FX Settlement

By Editors | 20/12/2020

Expanding the availability of PvP settlement to a wider range of transactions and actors will reduce FX settlement risk and support global financial stability.

Structural Regulation

PBOC Publishes Roadmap for Full LEI Adoption in China

By Manesh Samtani | 18/12/2020

By end 2022, LEIs will be used in securities and derivatives trading, risk monitoring, regulatory reporting, listed company supervision and the digital yuan ecosystem.