Prudential Risk

Credit Risk

APRA Orders Banks to Correct Deficient Securitisation Practices

By Editors | 07/12/2020

APRA has found a number of banks not in compliance with its prudential standard on securitisation. A review now underway will continue into 2021.

Market Risk

CBIRC Penalises Bank of China Over April Crude Oil Losses

By Editors | 06/12/2020

Bank of China was fined over 50mn yuan and ordered to correct deficiencies, strengthen compliance awareness and improve risk management.

Capital Adequacy

RBI Directs Banks Not to Declare Dividends for FY2020

By Editors | 06/12/2020

Due to ongoing stress and heightened uncertainty amid the Covid-19 pandemic, the RBI wants to ensure banks can continue to conserve capital and support the economy.

Resolution & Recovery

APRA Urges Smaller Banks to Identify Possible Merger Partners

By Editors | 06/12/2020

APRA’s John Lonsdale said the general quality of recovery plans amongst smaller banks was weaker than the regulator would like, and they may have fewer recovery options.

Emerging Prudential Risks

PBOC, CBIRC Finalise D-SIBs Assessment Framework

By Editors | 06/12/2020

The framework will take effect from 1 January 2021. The additional regulatory requirements for D-SIBs have not yet been announced.

Structural Regulation

MAS Awards Licences to Four Digital Bank Applicants

By Manesh Samtani | 06/12/2020

The licences were awarded to the Grab-Singtel consortium, a Sea Limited subsidiary, an Ant Group entity, and a consortium formed by a Chinese property giant.

Clearing & Post-Trade

Taiwan Futures Exchange Granted QCCP Status

By Editors | 03/12/2020

TAIFEX says the QCCP status will help attract more foreign and institutional investors to participate in Taiwan’s futures market.

Supervision & Enforcement

RBNZ Reprimands Pacific International Insurance Over Reporting Failures

By Sanday Chongo Kabange | 03/12/2020

The RBNZ says Pacific International Insurance’s poor history of non-compliance with regulatory reporting requirements continued despite repeated warnings.

Resolution & Recovery

Hong Kong to Introduce Corporate Rescue Regime Next Year

By Manesh Samtani | 03/12/2020

Shareholders, secured creditors, unsecured creditors and employees of distressed companies will all end up with better outcomes under the proposed corporate rescue procedure.