Prudential Risk

Supervision & Enforcement

Taiwan Addresses Bank Misconduct With Higher Penalties: Fitch

By Editors | 17/12/2020

Banks are expected to work to strengthen their risk controls, particularly around wealth management to avoid penalties and preserve their corporate governance rankings.

Operational Risk

MAS Consults on Operational Risk Capital, Leverage Ratio Requirements

By Editors | 17/12/2020

MAS intends to implement the revised standards for operational risk capital and leverage ratio requirements from 1 January 2023.

Emerging Prudential Risks

Fast Growing NBFI Sector Presents Financial Stability Risk: FSB

By Editors | 17/12/2020

NBFI that poses financial stability risk grew by 11.1% in 2019, at a faster pace than the average 7.1% annual growth rate from 2013-18.

Market Risk

HKMA Consults on Implementation of Revised CVA Risk Framework

By Editors | 17/12/2020

The revised CVA risk capital framework is likely to have significant impacts on banks, particularly for those with material CVA risk exposures, the HKMA says.

Capital Adequacy

ECB Eases Restrictions on Bank Dividends, Share Buybacks

By Editors | 17/12/2020

A continued prudent approach remains necessary until 30 September 2021, given the persisting economic uncertainty, the ECB says.

Anti-Bribery & Corruption

CSRC Suspends Credit Rating Agency, Orders Improvements

By Editors | 16/12/2020

The rating agency has been asked to carry out a comprehensive rectification programme, strengthen internal controls, and improve the quality of its ratings.

Resolution & Recovery

Digital-only Bank Announces Closure in Australia

By Editors | 16/12/2020

Xinja blamed Covid-19 and a difficult capital raising environment for its decision to exit banking. APRA will monitor the return of customer funds.

Credit Risk

PBOC to Improve Supervision Over Bond Rating Agencies

By Editors | 16/12/2020

PBOC vice president Pan Gongsheng said the development of China’s bond market was being hindered by false high ratings and insufficient discrimination among issuers’ credit risk.

KYC & CDD

Regulation Asia Awards for Excellence 2020 – Results Announcement

By Editors | 15/12/2020

Regulation Asia held its third annual Awards ceremony on 15 December 2020 to recognise those in the industry that have helped address changing regulatory requirements in Asia Pacific over the past year.